How about a good description of exact WHAT IS AN ETF?
How is an exchange traded fund different from a stock, or an index fund?
Let's give a couple examples- SPY, and SDS come to mind.
How do they work, and what can you tell me about them?
All I know so far is what I've read here:
http://www.indexfunds.com/articles/2...iss_etf_JW.htm
Other than that, I know very little.
Please help enlighten me.
Thanks