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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.

Join us each week for the Savvy Minute. You can find more of our videos at SavvyUp.tv. That’s SavvyUp.tv. Or give us a call at 760-692-5700, that’s 760-692-5700 and set up your free 30-minute financial assessment today. And remember to Savvy Up!!

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

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