West Loop Financial LLCHow to Avoid Getting Ripped Off By ETFs – West Loop Financial LLC https://www.westloopfinancial.com Evolutionize Site Wed, 19 Aug 2020 20:50:49 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 How to Avoid Getting Ripped Off By ETFs https://www.westloopfinancial.com/2014/04/24/how-to-avoid-getting-ripped-off-by-etfs/ https://www.westloopfinancial.com/2014/04/24/how-to-avoid-getting-ripped-off-by-etfs/#respond Thu, 24 Apr 2014 15:00:31 +0000 http://evolvemypractice.com/?p=826 Exchange-traded funds are open-ended funds that can be bought and sold on a stock exchange. You can think of them as a hybrid version of both stocks and index funds. You buy them using a broker, just like you would to purchase a stock. They consist of a portfolio of securities that are designed to...

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]]> Exchange-traded funds are open-ended funds that can be bought and sold on a stock exchange. You can think of them as a hybrid version of both stocks and index funds. You buy them using a broker, just like you would to purchase a stock. They consist of a portfolio of securities that are designed to track different indexes, just like index funds.

The first ETF was launched in 1993. ETFs have become very popular with investors. According to BlackRock’s December 2013 industry highlights data, the ETF industry has captured $2.4 trillion in assets since 1993. There are almost 5,000 ETFs available.

Used appropriately, ETFs can permit you to assemble a globally diversified portfolio of stocks and bonds, in a suitable asset allocation, at a low cost. Unfortunately, ETFs can be a trap for the unwary. Here are some tips to avoid potential pitfalls:

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