Note: There’s obviously no guarantee you will experience this emotion from investing in ETFs. Pic via Getty Images
They have only been around in Australia for 24 years, but exchange-traded funds have become a popular way to build wealth among investors of all ages.
ETFs, as they’re usually called, are similar to shares, but instead of buying one share to hold a stake in a single company, each ETF unit can give you a slice of hundreds of different companies. This reduces the risk of holding shares in a single company that can potentially go bust, and it smooths out your ride by holding smaller stakes in many companies.
Â
Types of ETFs
The most widely held ETFs are known as index funds, because they track an index…
