Sat, 11 Apr 2009
Troy’s Blog
This month has been a good one for almost everyone in the shares world apart from the likes of the almost bankrupt GM, but as from my last post, all of the shares seem to have already had the good news priced into their shares. This means they are all at about what they should be at the moment. But – I am looking for growth in the long term and a cheap way in and out, so I am looking at ETF’s – why? ETF’s provide a bit more stability as they are Exchange Traded Funds, so I can spread the risk over whatever I choose to invest in.
Say for instance I think Gold is a good option, I can buy a number of ways into the gold market without actually buying into companies that might fail or gold that I store under my mattress. It’s a way of buying into a whole sector. http://en.wikipedia.org/wiki/Exchange-traded_fund
So I am now looking to see what I can do with ETF’s – they even provide a way of shorting the market (thinking shares will go down), which is extremely difficult for a novice if it wasn’t through a ETF.
posted at: 11:24 | path: | permanent link to this entry