Hi guys, here I want to talk to you about ETFs. So what is an ETF? The letters E-T-F stand for Exchange Traded Fund and represent a collection of investments that's traded on the stock market exchange like a single stock. ETFs are similar to mutual funds in sense that they both have fund in the name and that typically refers to having a collection of investments under a single umbrella that you can buy units or shares of. Like a mutual fund, an ETF has a fund manager. However, they don't cost as much, which is what makes ETF so attractive to investors. Where you'll typically pay anywhere from 1%t of 5% in MER fees on your mutual funds, you'll pay less than 1% for the same on an ETF. Often, it's less than 0.5%. This way, you enjoy the same diversification of your portfolio, reducing your risk and increasing your passive income, but at a much lower cost. This is why ETF are so popular and so important for investors to have in their portfolio. Unlike a mutual fund,
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