In other words which is best to swing trade with 50 or so shares in terms of profit potential? I'm looking at DIA because it's 20 bucks cheaper per share and pays a monthly dividend I can collect. 4-6 trades per year FYI.
2007-03-11 16:15:40 · 2 answers · asked by Anonymous in Business & Finance ➔ Investing
I would agree with you on DIA but not for the same reasons at all. Price per share is not very meaningful. If DIA go up 5% and SPY's 6% then SPY's are the better deal (for that time period at least), regaurdless of how much it cost when you first purchased it. DIA have more potential because they are risker. SPY is more diversified since it has 500 companies, including all 30 in the dow. Less diversity=greater risk=greater potential reward. All said though neigher are great for you if you are trying to swing and make great profits, check out qubes (QQQQ) which are are not so close to thier all time high, or try indiviual stocks. OH yeah, and SPY also pays a dividend.
2007-03-11 16:25:25 · answer #1 · answered by geevs80 2 · 1⤊ 0⤋
lock in DIA. It is a top performer. But not because it's cheaper... Also look into IVY, DYI, and QQQQ
2007-03-12 17:18:57 · answer #2 · answered by jules4128 2 · 0⤊ 0⤋