What is an ETF?

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Today’s tip will cover “What is an ETF?”

An ETF, also know as an Exchange Traded Fund, is an investment fund that is traded on a major stock exchange, like the Nasdaq or the New York Stock exchange.

Just like a stock, an ETF has a ticker symbol and intraday pricing during market hours. An ETF is a basket of stocks, bonds or commodities in a single fund. Most ETFS track an index such as a stock index or bond index.

I would suggest you work with your financial planner to determine your investment goals and objectives based on your overall financial plan before making any investment decisions.

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Catherine Magaña is a CFP® or CERTIFIED FINANCIAL PLANNER™ in Carlsbad California.

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