Q: What do you think of the ETFs [exchange-traded funds] such as iShares as a long-term investment?
A: I think iShares are a good long-term investment. Obviously, it depends on which kind of iShares. There are many different flavors out there. I don't know if I would buy the iShares South Africa Fund (ETF ) as the best long-term investment, but if you like indexing, then certainly SPDRs make a lot of sense. If you like technology, the Cubes (QQQ ), which track the Nasdaq, are a great way to get in, especially because of the very low expenses and the tax efficiency.