Commission Free ETFs - Godsend!

I have been looking for a No-Load, NTF, Low Initial Investment Mutual Funds to park some of the spare cash that typically accumulates as result of dividends. I was having a lot of trouble finding good candidates as I discussed in my previous posts here. Turns out, I was looking in the wrong direction - I had a much better alternative just staring me in the face - Commission Free ETFs.

Three of my main brokerage firms - Fidelity, Vanguard and TD Ameritrade provide a wide array of ETFs that one can trade without any trading commissions. This is ideal for me. I have currently selected DVY as the ETF for spare cash in Fidelity and JNK for the same purpose in TD Ameritrade.

Unfortunately, Scottrade does not have the option of commission free ETFs - so I am continuing with the Mutual Fund we selected last time (SBSPX) as a cash park.

Ah - the joy of arriving at a satisfying solution to a vexing problem!

Speaking of joy - here is one of the more joyful paintings (they are surprisingly rare):

Renoir, Dance at Moulin de la Galette