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n00b - Sure you can. Look at XLK's holdings. 18.4% of their holdings ( in dollars) is in AAPL shares. Therefore, 18.4% of your investment dollars in XLK are buying AAPL. So if you buy 1 share of XLK for $30, that means you are getting .184 x 30 = $5.52 worth of AAPL. If AAPL is selling for $600 per share, then you ar...more
Fail! 18.4% of $30 is $5.52. So... when you buy one share of XLK you are investing $5.52 in AAPL. That means to be invested in the equivalent of one share of AAPL you need to own roughly 109 shares of XLK. 109 x 30 = 3270, 18.4% of 3270 = 601.68 which is about what AAPL is trading at. Your claim that 6 shares o...more
3/20/2012
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