177: Sam Bankman-Fried – Leaving Wall Street, Entering Crypto Chaos
Chat With Traders
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How to Trade an ETF
An exchange traded fund is a mutual fund that also trades on an exchange like a stock itself. If you buy a share of an ETF, what you're doing is you're buying a share of a company that has just bought shares of a lot of other companies. The most standardETF is called Spy and it owns a little bit of each of the top 500 companies in America by market cap. But where they owned rather than being Apple and Exxon, they owned Taiwanese semiconductor company or Toyota or Barclays.
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