Zeev's Turnips Patch-No Politics (ZEEV)

[Ace Hanlon]

I used to trade two Warbug PIncus no load international funds -- WPEMF and WPMFX -- until I was banned as a market timer. So you should be able to trade them a few times before they ban you. Many of the international and emerging market funds charge fees if you sell them in less than 30 days or 90 days.

But more recently my 401K -- which includes two international funds only available to participants -- decided to allow people to trade in and out every day. Before we had been allowed just two trades a month. Needless to say I have taken full advantage of the policy change.

Now there are international EFT's. But the problem is that these often diverge considerably from what international markets actually do in the very short-term -- reflecting trader anticipation of what those markets will do the next day. EFA for example -- which is supposed to track developed international markets -- rose 1.5% yesterday even though those markets actually were flat to down. So the Monday catch-up already is priced in there.