Recently read an article (I forget the title), sort of about "best ETFs", MDY was one of the 5 ETFs picked by the author with an estimated approx. 550% total return since its inception in 1995, is it true?
Can some long time investors who know well about this ETF (and good at the calculator)comment on that please?
I invested my 403B biweekly contribution in 500 index fund (choice of the 403B plan)for over 10 years (during that lost decade) with dividends reinvested and gained $200 (two hundred dollars) when I converted into Roth and had to pay about 14K (over 20% tax) for the conversion.
Am thinking of investing some of my hard earned money in MDY, wise? what's the good entry point?
I'm not certain, as I've been in this a few years and not seen anything like those returns. Of course it depends on your entry price, but the old past performance does not indicate future results probably applies with MDY.