Investing in ETFs For Dummies (For Dummies (Business and Personal Finance)) by Russell Wild

Part I
 Getting Started with ETFs

In this part …
 Find out how ETFs work, and how they’re different from other
 investment options.
 Look into the plusses and minuses of ETFs to determine
 whether they’re a good fit for you.
 Get the pieces into position for ETF investing, from starting an
 account to finding a broker.
 Understand the indexers and exchanges.

Chapter 1
 The (Sort of Still) New Kid on
 the Block
 In This Chapter
 Distinguishing what makes ETFs unique
 Appreciating ETFs’ special attributes
 Understanding that ETFs aren’t perfect
 Taking a look at who is making the most use of ETFs, and how
 Asking whether ETFs are for you
 There are, no doubt, a good number of pinstriped ladies and gentlemen
 in and around Wall Street who froth heavily at the mouth when they hear
 the words exchange-traded fund. In a world of very pricey investment
 products and very well paid investment-product salespeople, ETFs are
 the ultimate killjoys.
 Since their arrival on the investment scene in the early 1990s, more than
 2,300 ETFs have been created, and ETF assets have grown faster than
 those of any other investment product. That’s a good thing. ETFs enable
 the average investor to avoid shelling out fat commissions or paying
 layers of ongoing, unnecessary fees. And they’ve saved investors oodles
 and oodles in taxes.
 Hallelujah.
 What the Heck Is an ETF, Anyway?
 Banking your retirement on stocks is risky enough; banking your
 retirement on any individual stock, or even a handful of stocks, is Evel
 Knievel-jumping-the-Snake-River investing. Banking on individual

Investing in ETFs For Dummies (For Dummies (Business and Personal Finance)) by Russell Wild