For the past few years I’ve been talking to friends, family and readers about exchange traded funds. But, Financial Rebel really hasn’t taken this to the next level. Even though ETFs have been around for some time, they are really starting to heat up. If you’re ready to get in the game, here’s a quick step-by-step list on how to buy your first exchange traded fund.
The US Aerospace and Defense industry has been doing very well this year. With the war on terrorism raging on and not ending anytime soon, there are many great plays in this sector.
But what stocks should you own—Boeing, General Dynamics, Lockheed Martin, United Technologies? There’s an exchange traded fund that will allow you to own all these names and more.
The energy sector has been on fire all year long. Oil prices continue to rise and there’s seemingly no end in sight. One way to profit in the energy sector is to buy the Exchange Traded Fund XLE.
Before I continue, I must note that as of this writing (July 12, 2007) XLE is in my portfolio.
Energy Select Sector Spdr Fund (Symbol: XLE) is traded on AMEX and it closed at $73.23 on Wednesday.
If investing directly in gold isn’t an option for you, look to Exchange Traded Funds. On Wall Street, there are five ETFs that are gold investing oriented.
The one I like is streetTRACKS Gold Trust (Symbol: GLD). This ETF is a way to invest in gold and trade it like a stock.
Of the five I reviewed, GLD is the strongest and has the most potential. All five gold-oriented ETFs I looked at lost money in the past month, but GLD only lost 1.33% and it’s been coming back over the past week.
One of the best investing developments in recent years is the emergence and growth of Exchange Traded Funds (ETFs). They are opening up a whole new world for many investors.
An Exchange Traded Fund is a basket of securities, and it trades just like a single stock would. ETF’s are somewhat of a buzzword these days and there’s good reason why.
ETFs can be created to follow a broad market, an international market, an industry, or some other investing composition.
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Email: jmartin@jasonamartin.com
My name is Jason A. Martin and this is my investment blog. Back in Jr. High School I fell in love with an electrical wiring company's stock on Wall Street. After following the stock daily in the papers—the Internet wasn't around back then—I sent them a letter and they sent me back all sorts of wonderful information about their company.
In High School, we had a stock market contest. All the kids were picking companies that made stuff they consumed. When I announced my beloved company, I was laughed at. Little did they know that my company was going to be the subject of a takeover soon.
Long story short, I won the contest and have made money in the stock market, through real estate investing, currency trading and so forth.
I hope you enjoy Financial Rebel. If you do, please leave your comments and share this site with those you know.
Jason