05-28-2010, 03:30 AM
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Editorial Contributor
Join Date: Jun 2007
Posts: 5,411
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Regardless of my snide comment above, I can't really get to indignant about ETFs. Some of the terms are a bit bizarre, but to me it is much like leasing a car or an apartment. If you lease an apartment for $1000 a month and sign a 1yr lease, if you move out in 6 mos, guess what? You owe $6000, the remainder of the lease. If you make a deal with the carrier for a free or cheap phone and sign up for two years at a minimum rate plan, guess what? You owe them two years at that rate plan. If you chose to pull their SIM out and get one from another carrier, as far as I'm concerned, you still are liable for the two years at the rate plan you signed up for. If you don't like that, don't sign up for it. Simple as that. $375 ETF after 6 mos actually beats the $60 x 18 mos you actually owe, based on what you signed up for.
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Sometimes you are the anteater, sometimes you are the ant.
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