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Dave Nadig
1:59
Good afternoon and welcome to a Special Friday edition of ETF.com Live!
(No reason it's special other than it's Friday afternoon)
As always you can enter your questions in the box below, and I'll get to as many as I can in the next 30 minutes or so.
2:00
Lots of great questions in the queue, so I'll get rolling here.
Tariff Man
2:00
Soundtrack?
Dave Nadig
2:00
Latest from Vampire Weekend has been on heavy rotation: spotify:album:1A3nVEWRJ8yvlPzawHI1pQ
and in the spirit of your name:
Chad
2:01
Will the imposed tariffs affect (ETF) investors?
Dave Nadig
2:01
So, the biggest issue with the broad new tarrifs is that they are just that - broad.
I think the biggest concerns for U.S.-centric investors are supply chain related.
Technology, Consumer Staples, Autos, Hard Goods, textiles,
these are all really vulnerable to increased supply chain pricing.
2:02
So despite all the flimflam about how "china pays" -- this is really nothing but a huge tax that will ultimately get paid by all of us.  That could put a real damper on consumption, and that in turn drives down overall economic growth
2:03
I think it's a bit foolhardy to try and "play" tarrifs, because any move you'd make has to come from a belief that the overall market has it wrong -- after all, we all have the same information.
So I wouldn't be an advocate of trying to game this -- just know its going to be a drag on the economy.
Jill Madrigal
2:03
Are ETFs a buy and hold vehicle, or are they something owners need to monitor daily?
Dave Nadig
2:03
Hi Jill, great question, and like most great questions, the answer is "it depends."
2:04
ETFs can cover everything from tripple leveraged oil futures (which you should probably monitor by the minute!!) to global stock portfolios that rarely rebalance (which you could for sure just check in on once a quarter or even once a year).
2:05
Most of the time, when your making long term investment decisions, ignoring things is often a smarter move than watching them like a hawk.
If you are going to monitor daily or something like that, you should do so with a very clear set of rules in place.  What would you do if you looked and saw a position was up or down 20%? Buy more? Sell? Replace? Reballance?
Have the rules in place first, otherwise you run the risk of letting your emotions decide your investments, which is 99.99% of the time the wrong call.
Jim
2:06
can I buy an ETF directly from an ETF issuer?  i know, probably a dumb question
Dave Nadig
2:06
First, there are no dumb questions.
Second, Generally speaking, no, you cannot buy direct from an issuer the way you can with a mutual fund -- somewhere in the middle there needs to be a brokerage account.
2:07
Now, you can open a schwab account and buy schwab ETFs, or a Vanguard brokerage account and buy vanguard ETFs, but I don't think thats what your asking.
The one sort-of-exception is that if you already own a Vanguard mutual fund, you can sometimes convert from the Admiral share class to the ETF, but you still need to have a brokerage account at Vanguard to "hold" the ETF shares at the end of the process.
Marcia
2:07
I want to encourage my kids to invest for their retirement. Is there an ideal age to start? I'm guessing "yesterday."  :)
Dave Nadig
2:08
I think the right time to talk about it is when your kids are starting to earn some money.
I talked to mine about saving in general when they were young, and gave them passbook bank accounts to learn about how to track money.
But I didn't talk to them about retirement savings until my daughter got a job.
2:09
Certainly, once ANYONE, child or no, is in a job that actually offers something like a 401k, thats prime-time.
Hugh Radditch
2:09
Greetings Dave. Do trade wars/tariffs impact gold prices?
Dave Nadig
2:09
Really good question.  There's no causal link - theres no academic reason that tarriff=gold flows or gold price moves.  However, trade wars should be seen as perturbing the natural market, increasing uncertainty and volatility.
2:10
And Gold is often the safe haven asset some investors look to in such situations -- whether its because of a trade war, or trouble in the middle east, or contentious politics, etc..
So in that sense, chaos is good for gold.
I'll knock two of these out at once here:
Dirk
2:10
What was the point of creating a finite amount of bitcoin (as opposed to dollars, of which the mint can always print more)?
Archie M.
2:10
We getting any closer to a bitcoin ETF being approved?
Dave Nadig
2:11
So the point of having a limited supply is that its immune from inflation.  It's the same reason some folks want to be on the gold standard.
If everyone agrees to do all their transactions in bitcoin (or gold), then the gold or bitcoin becomes the yardstick between other goods.
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