Archives for December 11, 2017

Amazon Coupon Code: $5 off $15+ of Print Books

“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone.”

bookgift

New book coupon code. Amazon has $5 off $15+ of print book purchases with promo code BOOKGIFT17. Can be one book or multiple. Offer expires at 11:59pm Pacific 12/14/17. Must be sold by Amazon.com.

tribeferrisHere are some popular recent books that are on my reading list:

Here are some suggestions for those looking to gift a financially-related book:

This would also be a good coupon to discount a cookbook gift or a bunch of under-$3 children’s books in the same cart.

Emerging Markets ETF Comparison: Vanguard, iShares Core, and Schwab

“The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone.”

The Vanguard Blog has an article Is price everything for ETFs? that reminds us that while low costs may be the most important factor in ETF selection, it is not the only factor. When there are multiple ETFs covering similar asset classes, the DIY investor should dig a bit deeper to get the complete picture.

For example, here is a comparison chart of the Vanguard Emerging Markets ETF (VWO), iShares Core MSCI Emerging Markets ETF (IEMG), and the Schwab Emerging Markets Equity ETF (SCHE). If you compare only with expense ratio, they are all pretty much the same with Schwab being the cheapest by a thin margin.

em_etfs

What’s actually inside? Underneath the ETF wrapper, you’ll see that VWO holds a larger number of companies and the average market cap is smaller at $15 billion. This means that Vanguard’s ETF holds many more of the smaller companies, if that additional diversification interests you. iShares still holds South Korean stocks, whereas Vanguard and Schwab has South Korea as a developed market.

Trade commissions. Transaction costs affect your personal return. You can trade Vanguard ETFs for free with an account direct at Vanguard.com. You can trade Schwab ETFs for free with an account direct at Schwab.com. iShares doesn’t have their own self-directed brokerage arm, but you can trade many iShares ETFs for free at Fidelity.com. You could also go through a broker that offers free trades on everything like Robinhood (no minimum) or Merrill Edge ($50,000+ in assets).

Average bid/ask spread. In addition to commissions, there is also a buy/sell gap where you can lose money. This is less important for gradual buy-and-hold investors, but you still want this gap to be as small as possible. The article doesn’t share this information, but you can look it up at sites like ETF.com, where the respective 45-day historical bid/ask spreads were VWO (0.02%), IEMG (0.02%), and SCHE (0.04%). Schwab has the lowest assets under management and lowest daily volume, making their bid/ask spread wider by a thin margin.

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