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Couple noob questions regarding ING Direct Streetwise Portfolio....

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Sorry if this has been asked and answered before but I have a couple questions regarding this account:

1) Does this pay a dividend?
2) If my portfolio increases in value to the point where I think its gained a nice amount, can I "cash out" and re-buy back in without any crazy fees?
3) I have $2K in my TFSA, is this a good thing to try out to wet my feet in "the game"?

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