TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Thanks very much for joining us for another show this week. We're going to be speaking with Deron Wagner today. A lot of you probably heard of him. I've known Deron for a few years through the Trader's Expos and, of courses, he's got a great service in terms of ETFs and that's what he specializes in and he has written a book about it as well. So, anyway, Deron, thanks for joining us on the program today.
Deron Wagner: Oh, thanks for having me, Tim.
TraderInterviews.com: ETFs, let's talk about first why you were drawn to ETFs and why you kind of made it your specialty. What drew you to them?
Deron Wagner: Well, prior to ETFs, I was sector trading individual stocks where I would look at a particular sector such as semiconductors and I would buy five or six individual stocks within that sector if I thought that that sector was the one showing the most strength. And that worked out well except that the commission cost at the time became very high buying a basket of stocks. It also became challenging to manage a basket of individual stocks. So, when I first discovered ETFs and the fact that I could do the same thing through the ease of buying one security. That made a lot of sense to me. And, of course, there's a lot of other benefits as well such as diversification automatically lowers your risk overnight of not having individual stock gapped down 50% on the open. But the biggest reason, I was attracted to it is just the diversification and the ease of getting access to a whole group of stocks through purchasing one security.
TraderInterviews.com: What are your thoughts in some of these two and three times leveraged market movings, ETFs that are available now?
Deron Wagner: Well, there's certainly a lot more choices now than when I began...
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