TF,
I suppose you are correct; I would have thought the same about Focus Morningstar, but I was wrong. The ETFs are issued by Focus Shares, based on Morningstar Indexes. But I was also wrong about the spreads.
If I look up these ETFs during the trading day, the spread is only about $0.03, so this is not a real problem. My error was that I was looking at them after trading hours, when adjustments were being made. Even IWM and Spy showed spreads of twenty cents or more then. So this was my mistake and I apologize to the group for wasting their time.
Tom, the guy I talked to today at Scottrade also recommended using limit orders, especially since they, too, are commission-free.
Bob
PS: I compared FOS to IWM on a Performance graph and they track as close to identical as can be. Also, FOS is about 1/3 the price of IWM ($25.44 to $83.06)so theoretically, you could buy 3x as many shares, but not have the leverage problems.
