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this post was submitted on 26 Nov 2023
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Comradeship // Freechat
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What is ETF?
Exchange traded fund. It's basically a lot of different stocks bundled together into one Stock that you buy. It usally covers a specific part of the global market. So you can buy an ETF that represents the entire US market (this would be similar to buying stocks in every Dow Jones company), an ETF that represents the retail market (so you get shares of Walmart, Target, TraderJoes etc.), or in this case an ETF that represents the Weapons Manufacturing market (so Lockheed Martin, Boeing, Rheinmetall etc.).
Usually they’re great investment devices as because they don’t lean too much on a single company, they just tend to have more stability and better returns overall
It's an index fund except set up in a way so that middlemen can make more money.