We have understood the concept and advantages of ETF funds. ETFs are not only convenient but also help you save money. In this class, we will discuss the four major types of ETFs, so you can have a clearer understanding of this large ETF family.
1. Classification by management method
Firstly, classified by management style, ETFs can be divided into index ETFs and active ETFs.
1. Index ETF
In the US stock market, the three most well-known indices are the Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Index. If you are particularly bullish on one of these indices and want to benefit from its increase, what should you do?
It's simple, just find the ETF that tracks this index. For example, the ETF tracking the Dow Jones Index: DIA; the ETF tracking the Nasdaq Index: QQQ; the ETF tracking the S&P 500 Index: SPY.
Please note that there may be more than one ETF tracking a certain index! Taking the S&P 500 Index as an example, there are many ETFs on the market that track the S&P 500 Index, with the three most well-known being SPY, IVV, and VOO.
What are the differences between these three ETFs tracking the S&P 500 index? The answer is, there is actually no difference, only the different issuers of the ETFs.
The issuer of SPY is SPDR, the world's third largest asset management company, under the investment department of State Street Global Advisors. The issuers of IVV and VOO are globally renowned...

Can I still participate in the dividend if I buy stocks today?

Monthly Dividend Stocks: A Steady Stream of Income
Investing in dividend stocks is a popular strategy for investors seeking a consistent income stream while building long-term wealth. While most dividend-paying companies distribute dividends on a quarterly basis, some offer monthly dividends, providing investors with even more frequent payouts. In this article, we explore the concept of monthly dividend stocks and their appeal to income-oriented ...

Do you want to save money on tax day?
I have another bone for you Apes and any other new investor. If you want to really stick it to the banks and the "hedgies" and to save money this tax season, then brush up on your knowledge of tax-loss harvesting.
Every major investment bank and hedge fund utilizes tax-loss harvesting every tax season. They do this, so they do not have to pay as much taxes when the year is over.
How Does Tax-Loss Harvesting Work?
T...