Are you seeing the future of gold and oil as a great investment then you should check out two ETF's that you can buy without needing a broker.
First for those of you who have no Idea what an ETF is, here is an explanation.
What are exchange-traded funds (ETFs)?
ETFs are funds that trade throughout the day over an exchange. Most ETFs track an index, such as the Standard & Poor’s 500 Index or the Philadelphia Semiconductor Index. Because they are passively managed, ETFs have low annual expenses. They are not closed-end funds, and the fund companies do not redeem shares for cash.
ETFs are generally valued at close to their net asset value (NAV), although they sometimes trade at a slight discount or premium. They have grown in popularity in recent years because they give an investor the opportunity to invest in an index or sector without exposing him to the risk of a single stock. In July 2005, there were $252.3 billion in ETFs.
If you are interested in gold this is your ETF symbol GLD this is an ETF that is 100% gold and you need not spend 900 + per ounce to buy. My suggestion buy this ETF every time it is in red and you will see some great earnings.
The oil play in ETF's symbol is USO oil with high demand has great profitability. This is not necessarily a greenpick, we are still dependent on oil, so lets take advantage of the potential for wealth building. Both these ETF's were presented on the Fast Money lesson plans
1 comment:
These etf's will be interesting to watch with the election in 2008. I own symbol OIL in my 401k and have sold off some of my position through the highs of 2007. I held GLD in early 2007 and might look at it again before the election.
Post a Comment