27.10.2016 - What’s an ETF, and Why Should You Care?
ETFs will probably play a huge role in your ability to retire with money in the bank. An ETF — which stands for “exchange-traded fund” is a lot like a mutual fund — it’s a security that takes a bunch of money from a lot of people and uses it to buy a basket of different stocks or bonds or other types of investments. The big difference between an ETF and a mutual fund is that you buy a share of an ETF on an exchange, like the New York Stock Exchange, instead of directly from a mutual fund company. So how do you want to use them? A lot of ETFs are index funds — which means they mirror a big benchmark, like the S&P 500........................................Full Article: Source
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