Just a fair warning, it’s difficult for me NOT to be sarcastic when it comes to Facebook, so if some of my comments seem to be a tad harsh, I am apologizing ahead of time. That being said, let’s talk ETFs and specifically Global X Funds Social Media Index.
To preface, I love ETFs. Anyone that invests or trades seriously should learn about ETFs. An ETF is an Electronically Traded Fund. They are awesome on many levels. They are very liquid to trade, many can be bought and sold commission free, most are ‘optionable’ and there are hundreds to choose from drilling all the way down to specific sectors.
An ETF is made up of a group of stocks. Each one is similar to a miniature mutual fund, except that they can be traded in ‘real time’ and as I mentioned above most have derivatives (options) that can be traded as well. Last year when I began posting more market related items on Daily Deal Media, I mentioned to the masters of the DDM universe that I could put together an index featuring some of the companies we cover and weight each on accordingly.
As it turned out, none of us were exactly sure how this industry would progress so I put my indexing idea on the back burner. Well, perhaps Global X Funds read my memos, I’ll probably never know. On November 14th, 2011, the fund managers came out with the Social Media Index. Perfect timing considering Groupon was on the way out of the IPO incubator ...
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