Exchange Traded Funds

EXCHANGE TRADED FUNDS They call ‘em ETFs. There are hundreds of them. The mutual funds don’t want you to find out about them. Why? Because they beat socks off mutual funds in so many categories. The expense ratios of most mutual funds runs about 1.5% and many are much higher. To buy a mutual fund you must wait until end of day to find out what price you paid. Many mutual funds have instituted redemption charges should you decide to sell out early. Early is whatever definition they want to apply and could be a year out, maybe more. The fee at this time is about 2% for many funds. Fund managers tell you it is to discourage overnight trading that adds to their expenses and therefore penalizes shareholders, but that is not true. The two most popular ETFs are SPY and QQQ. SPY is composed of stocks in SP500 Index with 500 stocks and it is priced every few minutes. It can be bought and sold any time during day. The mutual funds who tell you it is too expensive to price their funds more than once a day are either lying or stupid. ETFs prove that. And that same logic goes for short term trading. The investor buys and sells ETFs same as any stock. The big brokerage companies charge high commission whereas investors who place buy and sell orders with discount brokers will find commissions around $7.00 to $15.00 to buy or sell. That charge is for one ticket and not per

Hollander Consultants Promotes New Analysis Coordinator

PORTLAND, OR: Hollander Consultants’ Director of Public Contact, Robert Reifer has just promoted Nate Neilsen to position of Analysis Coordinator. Hollander Consultants practices a management philosophy of investing in its staff through a high level of training and apprenticing. As a result of this level of staff enhancement, company is often able to fill employment gaps through promotions within company from newer staff who have, due to their training and competence, performed at a stellar level. Mr. Neilsen is latest example of success of this management philosophy – a philosophy they teach to their clients as well.

For last year, Mr. Neilsen has held position of interviewer for Solutions Online Magazine, a quarterly online journal published by Hollander Consultants. A key part of that position is to interview doctors to determine common areas of interest that would result in articles for Solutions magazine.

“Nate has done an exemplary job of getting into communication with doctors so that they feel comfortable talking to him. From this he has provided a significant amount of survey data for upcoming Solutions issues, as well as having generated interest in doctors to improve their practice management skills,” said Mr. Reifer.