“ETF” is an often heard financial acronym that still isn’t well understood by many, but these are one of the best available investments to millennials to start building their long-term investment portfolio. Millennials don’t invest. Which is unfortunate, because they need to. Failing to invest is a six-figure mistake — because you’ll miss out on hundreds of thousands of dollars of potential returns if you stay out of the stock market and keep your cash stashed in a simple savings account. One of the simplest and lowest cost ways to get started in the stock market is to invest in ETFs. Here is a simple introduction to these investments so you can feel informed to start adding them to your portfolio! What are ETFs? “ETF” stands for “Exchange Traded Fund” and are a collection of investments that trades like a single stock. This means you buy and sell shares of a single […]
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