The Complete Beginners Guide to Financial Independence (and Quitting Your Job Early!)
The Personal Finance Podcast
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The Power of Index Funds and ETFs
An index fund is something where you buy an index, meaning you are buying a basket of stocks. Within that index, we can take the S&P 500, for example. This is companies like Apple, Google, Facebook, Tesla and Amazon. If one of those companies isn't doing so hot and it starts to tank,. Well, if it starts to tanks, it's not part of the 500 largest companies anymore. So that's the power of having index funds and ETFs. Now we have an index fund andETF cheat sheet that you can check out.
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