Exchange-traded funds (ETFs) have been rapidly adopted by investors because they have very low fees and flexible trading opp🐎ortunities. Not surprisingly, that has led to a lot of competition for customers from both new technology companies and the established trading platforms,

Individual investors can now take advantage of rock-bottom or zero fees from key players including Robinhood, E-trade, WeBull, and M1 Finance. These companies and others are taking market share away from traditional firms by offering apps and robo-advisors that help ETF investors build a🅘nd manage 🗹their portfolios.

Exchange-Traded Funds (ETFs): An Overview

ETFs are like mutual funds in many ways. Like 澳洲幸运5开奖号码历史查询:mutual funds, they are a pool of money from many investors. The investors then own shares in a fund that is made up of many stocks and 𒉰other assets.

Many funds invest in the broadest possible range of stocks, like every stock listed in the S&P 500. Others seek to exploit opportunities in consumer staples, medical technology, or gold mining. You can find ETFs that cater to niche investing styles, such as 澳洲幸运5开奖号码历史🍰查询:environ❀mental, social, and governance (ESG) investing.

ETFᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚs hღave two distinct differences from mutual funds:

• They trade like stocks on a stock exchange, which means they can be bought and sold during regular 澳洲幸运5开奖号码历史查询:trading hours through a broker or a brokerage app. That makes them highly 澳洲幸运5开奖号码历史查询:liquid assets.
• Most have very low 澳洲幸运5开奖号码历史查询:expense ratios, so more of your investment ends up in your pocket rather than the issuer's. (This is no longer a hard and fast rule. Mutual fund issuers have lowered their fees in recent years in order to compete.)

Keep in mindꦜ also that other fees for ETF trading may be charged by a broker.

Trading Apps

There was a time when you needed a live broker or middleman to 𒉰make trades or invest your money. While you can still use the services of a financial professional, mobi🎀le trading apps make it easier for those who want to take charge of their finances and make key investment decisions on their own.

They are the customers that online trading platforms and mobile apps compete to serve. It's estimated that more than 130 million people used these apps in 2021, generating $22.8 billion in revenue for these companies.

The following are just two of the nam🐻es in the mobile tradi🌃ng app space.

Robinhood

澳洲幸运5开奖号码历史查询:Robinhood is one of the top trading apps for investors. Launched in 2014, it charges no commission fees on ETF and stock trades. As an investor, you'll pay the usual 澳洲幸运5开奖号码历史查询:expense ratio to the ETF issuer.

Robinhood makes money by charging interest for margin accounts and by investing its clients' cash holdings in interest-bearing accounts. Robinhood also offers a monthly premium subscription plan for members to receive special services and market intelligence.

The company enjoys the backing of venture capitalists and angel investors as diverse as Google Ventures, Jared Leto, and Snoop Do𓆉gg.

Ally Invest

澳洲幸运5开奖号码历史查询:Ally Invest is another major name in the mobile trading app world. The company acquired TradeKing in 2016. It offers commission-free trades for ETFs along with stocks and options. It is a good option for investors 𝄹who know their way ꧙around a portfolio.

If you're an investor who wants a managed portfolio, there are options available through Ally Invest. You can choose from portfolios designed for social responsibility, tax optimization, and more.

Robo-Advisors

Robo-advisors are features of some trading platforms that offer financial and investment planning services as well as hands-on trading. These services are driven by algorithms and involve little or no human supervision. Sugge🌊sted portfolios are created as inꩵvestors answer questions about their financial situation and goals.

Services that feature robo-advisors are designed for investors focused on the 澳洲幸运5开奖号码历史查询:long term rather than day-to-day trading. Investo🎶rs are offered a selection of ETF portfolios that are monitored and adjusted automatically over time. They are another low-fee alternative.

澳洲幸运5开奖号码历史查询:Wealthfront and 澳洲幸运5开奖号码历史查询:Betterment are pioneers in the robo-advisor industry. Both charge an annual advisory fee of 0.25% and zero trading or account transfer fees. Both apps walk users through the process of setꦦting up a portfolio of ETFs based on th💖eir answers to a series of questions regarding risk tolerance and investing preferences.

Wealthfront and Betterment offer diverse ETFs, from straightforward ones that track broad U.S. stock indices such as the S&P 500 to highly specialized funds that focus on areas like emerging markets or 澳洲幸运5开奖号码历史查询:real estate investment trusts (REITs).

Both platforms make it easy to set up 澳洲幸运5开奖号码历史查询:tax-sheltered retirement accounts, such as 澳洲幸运5开奖号码历史查询:individual retirement accounts (IRAs).

How Do You Choose?

So how do you choose? There are certain factors you'll want to consider—notably, the fees charged for use of the app and the relative ease of access to your money.

Low fees are a big deal for investors in ETFs, and for good reason. That makes the fees and commissions charged by an app a deciding factor in choo✤sing on﷽e over another.

In any case, while deciding on an 澳洲幸运5开奖号码历史查询:online broker, look at the range of ETFs oꦑffered. Each has a different mix.

The Bottom Line

Investing in ETFs is a good way to diversify your portfolio. These investments can be easily traded on stock exchanges, so you can buy and sell them w🎐ith ease.

You can choose the ETFs that best suit your ꦜneeds by using a traditional broker. But you can also invest in them by signing up for an account through a mobile trad🤪ing app or a robo-advisor.

Before you decide which route to take, be sure to do your research to ensure you're getting the 澳洲幸运5开奖号码历史查询:best trading platform for your money.