Wednesday 10/18/17

12.E1 INDIVIDUAL RESPONSIBILITY AND THE ECONOMY: Individuals should set personal financial goals, recognize their income needs and debt obligations, and know how to utilize effective budgeting, borrowing, and investment strategies to maximize well-being. 12.E1a In making economic decisions in any role, individuals should consider the set of opportunities that they have, their resources (e.g., income and wealth), their preferences, and their ethics.

Other ways we can invest in the stock market without picking individual stocks.

ETFs: An ETF is an Exchange Traded Fund. It is a collection of stocks that fall within the sector chosen. For example:

Vanguard has a fund with 7,934 individual stocks in it called The World Fund (VT) VT

Standard and Poors has an ETF that follows the S&P 500: SPY

Powershares also has one that tracks the Nasdaq Market: QQQ

ETFs by sector of the economy:  SPDRs

ETFs offered by Vanguard in different niches: Niche ETFs and Sector ETFs

Gold ETF with physical ownership: PHYS

Silver ETF with physical Ownership: PSLV

Online Self-Service Brokers:

TD Ameritrade (Scottrade)

Capital One

Fidelity

Schwab