What does ETF stand for?
ETF stands for Exchange-Traded fund. Here is breakdown of that means.
Exchange-Traded means you can buy and sell ETFs on public stock exchanges like the Nasdaq or the New York Stock Exchange.
In this context, a fund is a bundle of assets, usually stocks, bonds and/or cash.
These bundles of stocks, bonds, and cash usually track an index, or group of securities with something in common.
As you read more about ETFs, you will encounter the statement “ETFs trade like Stocks”, this simply means you can buy and sell ETFs in a similar way to stocks, for instance, ETFs are bought and sold on exchanges, through a broker, and can trade throughout the day.
Q. How do I buy?
In the app, click on the ‘Invest’ tab. From here you can select the invest you’d like to buy. Click on the investment. Once you’ve selected the ‘card’ for the investment you can read a bit more about it, check out its past performance, and decide if you’d like to buy. To buy, simply click…
Q. What is Smart-Save?
Smart-Save analyzes how and when you spend your money and transfers money from your checking account to your Stash Cash when you have cash to spare. Once the money settles in your Stash Cash, you can invest it, withdraw it, or save it for a rainy day. We’ll never initiate a transfer when your balance…
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