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-- -- price thanks so much.
A -- Washington determines if they're gonna like FaceBook.
ETF might hit a way to play this social networking industry we'll face the get the thumbs up here to answer that question is Tom like ETF trends dot com publisher.
And global trends investments.
President Tom thanks for joining us thanks to -- -- -- we know ETF spread out the rest that's the nature of this investment instruments so -- FaceBook into this considering all the finger pointing in and certainty about what's going on the stock from its debut announce going forward to.
Is this really get a good way to lessen your risk if the if you want and get in to something there will first of all.
The controversy aside and it's terrible but FaceBook is not going away you know in the coming months FaceBook will be a part of major market indexes and as you know ETFs represent a lot of major market indexes so those that own major ETFs will have a portion of FaceBook.
But there -- couple ETFs that are going to be adding FaceBook pretty shortly.
One is -- IPO boy faced by first trust.
There has -- -- IPO ETF and that's SOC Ellison ticker up and that is a social media.
ETF which is SS OCL which is that will actually include FaceBook at the close of the market tonight.
But the question is it's going to be -- eight to 10% allocation.
Is that gonna make somebody rich is that the right investment for somebody it's a -- ETF both of these a small ETFs -- -- As far as allocation in the FaceBook.
U might wanna keep that separate.
From an ETF -- I mean even likely version -- pays for right now there's somebody questions about the revenue stream going forward about.
You know whether or not they're going to be able to make money and mobile media day is it -- -- -- concern if you see -- ticking up 10% of it -- tips allocation well that's -- I I think most people.
Are stepping back and they should they have a lot of questions does -- mean that diving into an NE TF that owns a large portion of FaceBook is right for investors today.
I'd say no I think.
Let the time go by -- the controversy.
And then -- FaceBook and gradually.
-- become a major part of indexes.
As it should because of its market cap and then investors -- get back to investing for value.
These kids in insisting message a bullish message on behalf of FaceBook that these ETFs are snapping up shares of -- so quickly.
-- it -- and agree it's a bit of a niche game okay with IPOs in with social media right.
The -- -- ETF market is booming it's so popular.
But those that are trying to Peter trying to come up with their special niches within the appeal would grab some dollars in this case.
Both are very small innovative.
But for the average investor I I'd stay away at the real quick -- you go you also had a look at currencies through ETFs all right take on that yet so I I think as far as currencies especially was.
What what's going on in Europe.
You know you want to stay away from the Euro.
The dollar's safe haven at this point in another currency the Japanese yen is actually holding up very very welcome -- Compared to major markets and it's something that not not many people are talking about.
There aren't timeline thanks so much for joining us thank you thank you.
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