This is continued from Part 1 in which I summarised the Australian Securities Exchange, buying shares in a company, and how the returns of owning shares in a bank, dwarf any returns your savings might make in an interest at that bank. I ended that post telling you that there was a way to buy a single type of share, that represented the whole of the companies in the ASX. You do that through an ETF.
ETFs
Exchange Traded Funds are a way of buying a single “company” share, that