casino stocks: any info on BJK, the fund?

do any of you actually invest in this and if so do they list their entire holdings or just top ten, do they trade or keep a fixed basket of stocks, do they mainly go for domestic or foreign or casino operators or equipment? and most importantly, how are they in terms of service, fees, return, etc?

BJK is now near its yearly high (as many casino related stocks are) but because it is a fund and not an individual company there are other issues of concern.

thanks.

My, my, . . . my, . . . MoneyLA is just chock full of questions.

DonDiego does not invest in the BJK ETF.

DonDiego is certain that the BJK ETF must list all its holdings in its Prospectus.

The objective of the BJK ETF is to mirror as closely as is practicable the S-Network Global Gaming Index, which selects gaming companies and weights its selections to provide what its managers think best represents the overall gaming industry. These investments change occasionally. And one might expect at least a slight lag in BJK changing its holdings to mirror those of the index.
Nonetheless, as of mid-December 2010 Money LA can find the holdings of the S-Network Gaming Index here: S-Network Global Gaming Index

DonDiego is indeed a River Unto His People.

* * * * * EDITED TO ADD * * * * *

DonDiego is not certain if it applies to the BJK ETF, but there are sometimes unusual tax implications associated with investments in ETFs. Like unrealized capital gains upon which one may have to pay taxes anyway. And there may be some oddities involved with foreign taxes paid and possible available deductions. It can get complicated.

DonDiego is not a tax attorney, . . . but he has stayed in a Holiday Inn Express.

A prospectus will list everything they are invested in. Be aware that the stock is near 52 week highs, so there is a downside risk that should be looked at extreamly carefully before investing.

Put in the stock symbol on yahoo or your favorite stock site, you should be able to run a list of the holdings.

indeed, it is very unusual for funds to offer info on more than their "top holdings."

I was also hoping for some info on customer service, reinvestiment options, buying direct, etc.

thanks for the info.

Reinvestiment options may be in the prospectus, although it DOES depend upon what kinda of reinvestiment options your talking about.

You can have 1 of two different types:

A DRIP - dividend reinvestiment program. This is sponsored by the company and automatically reinvests any dividends right back into the stock every quarter or so. (you can do a search to see if a stock has this option) BTW, you don't need a broker to use this program. Just buy 1 share of your favorite stock through the company or stock broker and everything is done for you. No comissions to pay anyone.

Reinvestiment of dividends - pretty much the same as above EXCEPT you must purchase the shares through a broker and instruct them to invest dividends by buying more shares. Much more of a pain in the a$$ for all parties concerned and you have that comission thing to worry about.

Customer service questions will have to be checked with other places that handle that stuff. Try the Better Business Bureau.

An ETF manager does not offer customer service of any kind, not even selling or redeeming shares. In fact, the only thing the manager does is adjusting the portfolio when a change in the underlying index occurs. Investing in an ETF is exactly like investing in any stock. On the other hand, generally an ETF's management fee is so low that it's almost negligible.

Money LA, Feb is the second worst month for the US stockmarket. We are going to have a correction. I think it will happen this month and maybe pretty soon.
If you wait for a pullback then you may be able to enter at a better price. Stocks can rise quickly, it just seems they drop quicker.

be patient and you will find your entry.
good luck

I always thought that September and October were the two worst months for owning stocks??

I believe it is october than february