October Product Update
Jul 11, 2024
Diana Tretjakova
📈 ETFs Entering the Spotlight
We do what we say - Bits of Stock has introduced over a 100 new ETFs for trading! What does this mean for our users?
Before diving into the benefits of ETF trading, let’s establish what they are. ETFs are exchange traded funds which act as a bundle of different investments. They can hold bonds, stocks, commodities, or a combination of them. Just like regular stocks, they can be bought or sold throughout the trading day. The ETF itself is a tracker, which tracks the gains and losses of all investments it combines, and averages them out into a single price increase or decrease.
So what is the deal about ETFs?
Diversify your portfolio!
For those who don’t want to just stick to one stock, or simply want more, ETFs are the perfect option. They typically hold a diversified portfolio of assets, such as stocks, bonds, or commodities, which reduces risk compared to investing in a single security. This variety allows investors to spread risk across multiple holdings without needing to buy each asset individually
Enjoy flexible options!
ETFs trade on stock exchanges like individual stocks, allowing investors to buy and sell them throughout the trading day at market prices. This intraday trading flexibility is beneficial for investors who want to react quickly to market movements.
Stay assured with transparent information!
ETFs disclose their holdings daily, making it easy for investors to see what they own. This level of transparency can help investors to make informed decisions and monitor the fund’s holdings and risk exposure.
Find something for yourself!
Interested in something specific and niche related? There’s a good chance that ETFs can be just the choice for you. ETFs are available across various asset classes and sectors, including stocks, bonds, commodities, and even niche markets. This range allows investors to gain exposure to specific areas of the market without needing specialized knowledge to pick individual assets.
💡 Some Tips from Bits
At Bits of Stock, we aim to democratize investing and make it more accessible for everyone. With the introduction of hundreds of new ETFs, we continue to educate users of Bits of Stock about the wide range of options they have when it comes down to investing. We strive to provide our users all tools and options to experience investing at its finest, without the high start up costs.
… So go ahead add a bit more to your portfolio—see if our new ETFs can support your financial goals!