Seeking Alpha

"Raise your hand if you plan to invest your money in the 'social media' ETF (SOCL)," asks Josh...

"Raise your hand if you plan to invest your money in the 'social media' ETF (SOCL)," asks Josh Brown. "Great, now take that hand and slap yourself across the face with it." The index is destined to go nowhere as "half the components ... will be competing with the other half ... If you want tech, just buy the QQQs or something."
Comments (2)
  • BBolan
    , contributor
    Comments (67) | Send Message
     
    flawed logic. if you buy the ETF, you are buying it in hope of the whole market increasing. In most ETF's there are companies that compete directly with each other.
    15 Nov 2011, 11:25 AM Reply Like
  • Ricard
    , contributor
    Comments (3829) | Send Message
     
    Good comment. You're buying growth (not that I like this sector).
    7 Jan 2012, 05:33 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|