Ilan Israelstam
speaker
211 appearances
1 recordings
1 series
first heard Mar 2020
last heard Mar 2020
Ilan Israelstam’s voice in public audio — every appearance, attributed to the second.
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Appearances
And those market makers just may not be quite as active at the beginning of the day and at the end of the day.
The market makers are there to basically make sure that you're trading
you can trade in and out whenever you like, and also that you're trading as close as possible to your true value or net asset value.
And so that's why the first thing we suggest is to in fact, yeah, is to use those particular hours when you're considering the trading day.
And the second thing, as you've pointed out, Owen, is to use limit orders.
It just means that in case you put a, if somebody had put a crazy number out there,
Like another investor had put, even a fat finger or whatever the case may be, put a number out there which was particularly high.
If you used a market order and that happened to be the one, you would basically buy it at that price.
So using a limit order is typically the way to go.
And you can get a pretty good sense for the true value by essentially looking at the difference between the buy and the sell, the bid and the offer.
You know, if you're there or thereabouts in the middle of those two, or one cent away, two cents away, as the case may be, or somewhere in the middle, then you're pretty sure you're going to be getting, you know, fair value, you know, very close to fair value in your investment.
So, yeah, that is the way, those are some of the things we suggest making those investments.
Yeah, exactly.
Well, I guess the most important thing to understand before when we talk about this topic is that if an ETF closes, you don't lose your money.
And that, by the way, is also the case if an ETF provider or issuer closes.
And so I'll start with those two things in sequence.
The first thing is, the way that ETFs are set up is that the ETF units or the ETF assets are actually held in a separate account.
which do not form part of the balance sheet of the ETF issuer.
So it's a segregated, what we call custodian account, apologies for that noise.
So those custodial accounts are there for the benefit of the unit holders.
Showing 141–160 of 211 · page 8 of 11
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