I know, you’re not my stockbroker. I’m musing about putting a little bit of money into an ETF (exchange-traded fund), just for laughs. I’m no Rockefeller who’s going to invest a lot, I just want to diversify my little stash a bit, and interest rates are not tempting me to keep every penny in CD’s at the moment.
What’s the word on trends in the upcoming year? Commodities? Energy?
I have a Schwab account. I’m no Warren Buffet but it gives me something to do. It’s gambling but with the guise of legitimacy.
Anyway, Schwab is trying to expand their ETF trading and have some available with no trading fee.
I have a S&P index fund, no load, no transaction fee, $100 initial investment that has giiven me 6% return so far. Not spectacular, but it is real easy to build the account $100 at a time with no fees.
That’s a mutual fund that you hold. ETFs trade like stocks. You buy and sell them in share amounts, not dollars. With an ETF, you have to pay a stock commission each time you buy in, so they aren’t designed for the person putting in $100 per month.