bertdalin: Is there a stock based on the overall value of the DOW or the NASDAQ?
It seems to me that I’ve heard of such a thing, but I could be mistaken. If they exist, what are they called and how do you go about purchasing them? Thanks!
Answers and Views:
Answer by jueyanz
They’re called index funds. You can get them as mutual funds from your broker.
Not stocks, but ETFs.Answer by Bob
Actually, they’re called exchange traded funds. Now that I’ve told you that, try to forget it because it doesn’t make any difference to you, they trade just like stocks and you buy/sell them through your stock broker. You can short them and borrow against them (if you have a margin account) just like stocks.
Nasdaq 100 = QQQQ
Dow Industrials = DIA
S&P 500 = SPY
There are a lot of other for more specialize index tracking. Seach for ETF
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