Forget Day Trading -- This ETF Is a Much Safer Buy for Lasting Wealth
The burgeoning amount of information at our fingertips, coupled with the ease and low cost of brokerage services, has reduced the typical holding period for investors these days. At least some investors are drawn to short-term thinking and trying to make profits by quickly moving in and out of stocks.
This type of behavior can be very tempting. But investors should completely drop the concept of day trading from their minds. Buying this proven exchange-traded fund (ETF) instead is a surefire way of building lasting wealth. Here's why.
The concept of a day trader with 10 computer monitors at their desk -- all showing various charts and graphs -- probably looks very cool to the average investor. Having a pulse on the markets and making quick trading moves is alluring. And the fact that both the S 500 and the Nasdaq Composite are in record territory further persuades people to want to ride the momentum to quick gains.
Source Fool.com
