Chart of the Day: EFTs > Stocks
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Production of the U.S. penny has officially ended. Learn what this means for you.
Today’s Chart of the Day shows that there are now more ETFs (Exchange Traded Funds) than stocks. (ETFs are a type of investment fund, similar to mutual funds, with some differences for another discussion, another day.)
Though the number of EFTs is growing, there are still more mutual funds, totaling over 7,000. How does the increase of EFTs benefit investors? It means more options, more competition on lower expense ratios, and finally, due diligence is going to become more important than ever.
Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.
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