Financiers LOVE their acronyms more than $$. The more not obvi(ous) the better!
ETF= Exchange traded fund.
(click on the bold-faced vocab words:))
ETFs are giving Mutual Funds (MFs) a run for their money in the popularity contest that is the stock market.
Easy access: ETFs don’t have minimum investment requirements like MFs. Good news for newbie investors.
When you make the MF/ETF decision…ALWAYS read the prospectus.
(Originally published on Amanda Stanhaus’s financial literacy blog: XO, Bettie.)