Summary: <br> Announcer: <a href="https://www.temi.com/editor/t/gKpr0YNj47jSXcr1Wlid_MJwtOaa9atN-HIYIigHslKUCMwXPkju8agZbunypZXBSWeM2yDY3MAxImX1R3BVCgi7uWw?loadFrom=DocumentDeeplink&ts=0.63">00:00</a> You’re<br> tuned in to the <a href="https://podcasts.apple.com/us/podcast/investing-for-beginners-podcast-your-path-to-financial/id1210741497">Investing<br> for Beginners</a> podcast. Finally, step by step premium investment guidance<br> for beginners led by Andrew Sather and Dave Ahern. To decode industry jargon,<br> silence crippling confusion, and help you overcome emotions by looking at the<br> numbers, your path to financial freedom starts now.<br> <br> <br> <br> Dave: <a href="https://www.temi.com/editor/t/gKpr0YNj47jSXcr1Wlid_MJwtOaa9atN-HIYIigHslKUCMwXPkju8agZbunypZXBSWeM2yDY3MAxImX1R3BVCgi7uWw?loadFrom=DocumentDeeplink&ts=35.77">00:35</a> All<br> right folks, we’ll welcome to the Investing for Beginners podcast episode 125<br> tonight. Andrew and I are going to continue our ongoing discussion about the no<br> commission news that hit the stock market last week, and we had some other<br> additional thoughts that we wanted to share with you about a couple of<br> different topics. So the first one we’re going to talk about is something that<br> I broached with Andrew earlier this week, and we’ve talked a little bit about<br> it off air and we thought this would be something that might be of interest to<br> you guys and see if it was something that might help you with your investing.<br> So the thought that I had was, how is this going to affect ETFs? And the reason<br> why I thought that was because before when you would go on ally, for example,<br> and buy an ETF, let’s say a VOO, which is an ETF that tracks the top of P E an<br> S and P 500 has got 516 stocks, I believe.<br> <br> <br> <br> Dave: <a href="https://www.temi.com/editor/t/gKpr0YNj47jSXcr1Wlid_MJwtOaa9atN-HIYIigHslKUCMwXPkju8agZbunypZXBSWeM2yDY3MAxImX1R3BVCgi7uWw?loadFrom=DocumentDeeplink&ts=98.15">01:38</a> So<br> it tracks the majority of the S and P plus a few extras. So what’s to stop you<br> from doing something a little bit different? So in the past, when you buy this<br> particular ETF on ally, you would pay four 95 for your trade like everybody did<br> for any other stock. And then, during the year, the ETF would also charge you a<br> fee to manage and operate the ETF for you. Now in this particular case, it’s a<br> 0.3, so it’s quite small, but it’s; still, it’s money that is taken from your<br> returns at the end of the year. And so my thought was, is now that you don’t<br> have to pay that four 95, why would you pay for the commission on not the<br> commission, but why would you pay the management fee on the ETF? And my<br> thinking was is that you look at, when you look at an ETF, you can see a<br> breakdown of what it is that they are holding in that ETF.<br> <br> <br> <br>
