How Do You Buy Exchange Traded Funds Online?
Exchange traded funds are terrific investments, since they offer the benefits of a mutual fund while being bought and sold like stocks. Basically, an exchange traded funs is like a basket of stocks in a specific market sector (ie. gold, home builders, S&P500, or pretty much anyhting else.) Step 1 Sign up with one of the many online discunt brokers. The include companies like Scottrade, Zecco, eTrade, etc. There is several websites out there comparing them all. In the end it just depends on your personal preferences for online research and trading frequency. You will have to deposit some funds from your bank to be able to make ETF purchases. Step 2 Go to the online brokers quotes/research page (I will use Scottrade in this example, but most other sites will also have some sort of ETF screener that you can use to narrow down your search.) Alternativly, if you’ve already done the legwork and are ready to buy you can just skip directly to step 5. Step 3 Use the screener to narrow down the
