Mutual and exchange-traded funds (ETFs) are sometimes used interchangeably since they have many characteristics and may achieve the same essential investing objective: portfolio diversification.
Are ETFs Enough To Make You A Millionaire?
The good news is that you can become a self-made millionaire without constantly monitoring your portfolio. ETFs, or exchange-traded funds, can perform the same function as individual equities, if not better.
Can ETFs Add Value to Your Portfolio?
An exchange-traded fund (ETF) is similar to buying stock. You either bid a specific price or take the offering price off. If you’re planning to add ETFs to your portfolio, before you call your broker or buy shares through an investment app, make sure you do your research. Before investing, consider these factors.