What's the Best Way to Invest in Stocks Without Any Experience? Start With This ETF.
Are you looking to make your foray into the stock market but don't know where to start? Maybe you're nervous or even a little intimidated by its apparent complexity?
Don't sweat it. Seriously. It's not nearly as complicated as it seems at first. Making your very first stock pick doesn't have to be a nerve-racking ordeal, either. In fact, the best first pick for any first-time investor is an exceedingly simple one -- just plug into the overall market by stepping into the SPDR S 500 ETF Trust (NYSEMKT: SPY).
It might not be a stock you've heard of before, mostly because it's not a stock at all. Rather, the SPDR S 500 ETF Trust is an exchange-traded fund (or ETF), which are just baskets of different securities. In this case, the basket holds all the stocks found within the S 500 index. You likely know the S 500 as a market barometer, but the S 500 fills that role specifically because it reflects the value of the market's biggest and most important stocks.
Source Fool.com
