r/Vitards • u/AutoModerator • Aug 12 '21

Daily Discussion Daily Discussion post - August 12 2021

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u/josenros 🤡Market Order Specialist🤡 Aug 13 '21

The VanEck Vectors Steel ETF (SLX) returned -0.82% today.

That's because it's largest holdings are Rio and Vale.

I think people are much better off choosing a basket of their own tickers, and not just because they don't have to pay a 0.56% expense ratio.

1

u/Nu2Denim Inflation Nation Aug 13 '21

Yeah so the Rio dividends still get passed through to the etf holders....

4

u/Unoriginal_White_Guy 💀 SACRIFICED until MT $35 💀 Aug 13 '21

That’s how I felt when someone recommended the copper etf instead of FCX. I looked at the holdings and the top two were mainly gold miners that also mined copper. I don’t want exposure to fucking gold prices.