I wanted to talk a little bit about investing. Specifically about some concepts that will help you get started on the road to investing and adding another member to the 1%
A great way to start investing is to use ETF's or Exchange Traded Funds.
ETF's are baskets of stocks or securities that cover markets, indexes, industry groups or market sectors. You get to take advantage of price moves without the risks associated with owning individual stocks.
Here are some examples, and their market symbols:
DIA -- SPDR Dow Jones Industrial Average. This etf covers the Dow 30 blue chip stocks.
QQQ -- Power Shares QQQ Trust. This etf covers the Nasdaq 100 index stocks, which covers the largest stocks in the Nasdaq.
SSO -- Pro Shares Ultra S&P 500. This etf covers the S&P 500 and moves up and down
2x the percentage of the index.
GLD -- SPDR Gold Trust This etf covers the price of gold. The company actually holds
gold bullion. The share price is about 1/10 an ounce of gold.
There are many more ETF options to choose from in all sectors and markets.
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