After trading, educating and researching in the forex markets for many years, I came across the same question over and over again: What’s your idea about stocks? What else do you trade other than currencies?
The answer remained the same for the longest time: “I currently only focus on forex trading.”
But deep down I knew I was going against my own frequent advice of “diversification” and “avoiding putting all your eggs in one basket.”
I was avoiding the all-eggs-in-one-basket syndrome by making money through my business, Invest Diva, alongside with trading forex. But as a true investor and entrepreneur, I finally decided to exploring other investing opportunities than forex. Stocks, Futures, Binary Options, and Bonds.
What’s the best, less risky online trading instrument? I got pitched by different financial entities who wanted me to be the face of their company. Options (binary or spot), equities, stocks, mutual funds and commodities. Each had its own charisma. But personally, after mastering one of the riskiest trading systems of all, I felt ready to balance out with something more long term, hot and well-rounded instrument.
“Since I’m diving into this for the sole reason of portfolio diversification,” I thought to myself “It only makes sense to go for the industry that allows me to maximize my diversification.”
My first instinct was Mutual Funds. Years ago I had gotten ripped off when I was approached by a fake “mutual fund manager” who ran away with my money. Maybe it’s time I took matters in my own hands? After all, as the lovely Kelly Clarkson puts it, what doesn’t kill you makes you stronger, eh? But after some research, talking to world-known analysts and traders, I discovered an exciting new alternative that is very similar to mutual funds, only more accessible and retail-trader friendly. Kind of like Mutual Funds 2.0. It is called Exchange Traded Funds, also known as ETFs.
#1 Best Selling Author. Helping you accelerate your retirement with Triple Compounding™ Former engineer on a mission to help 1 million households take control of their finances. Founder & CEO of Invest Diva.
