For some, a new year (and new resolutions) means finally getting around to investing in the stock market.
A popular choice for many first-time investors is a type of investment called exchange traded funds (or ETFs).
But all the jargon can be confusing.
So, many readers have written to us asking us to explain exactly what ETFs are.
Here’s the lowdown
Investing in ETFs is a bit like buying a basket of shares, rather than stock picking, which is where you invest directly in particular companies.
ETFs cover all sorts of investment types, but they’re usually passively managed, which means they don’t aim to outperform a specific benchmark.
Instead, they usually track an index like the ASX200, commodities like gold, or sectors like IT.
The post ETFs are popular with younger investors. So, what are exchange traded funds all about? appeared first on Mackay Online News.
Warren Ruth is still early into his career as tech and digital marketing reporter but has already had his work published in many major publications including JoyStiq and Android Authority. In regards to academics, Warren earned a degree in business from CSUF. Warren has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.