Hi AIM Hier
In February when IYG was high I had an AIM directed sell for 5 shares. The broker sold 50. I could have made a stink but maybe it was my error. So I just bought 45 shares back. I had a BIG taxable gain.
Fast forward to December and IYG is down the tubes. I am supposed to buy some shares. Then I realized I had the gain. Instead of buying more IYG I sold all I had and then bought KRE in its place.
I killed two birds with one stone.
1) I now had a loss on the 45 shares of IYG to offset the gain on the 50 I sold.
2) I switched from a financial ETF that held a lot of large cap companies that I knew had exposure to subprime to an ETF that held regional banks, was more narrowly focused but was highly correlated to the ETF I sold.
Anyway with your knowege of the banking industry are their any you like?
ING, GS, Bank of NY ? BAC scares me because they want to purchase Countrywide.
Any thoughts on NLY. Are any of the mortgage / finance REITS going to survive?
Toofuzzy
Market Data 
Markets 
AI
