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Hey everyone and welcome back to the deep dive.

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Today we are gonna be taking a deep dive into ETFs.

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Exchange traded funds.

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Yes, ETFs, exchange traded funds.

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And we've got a really great podcast episode

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that we're gonna be breaking down today.

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So by the end of this deep dive,

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you're gonna be an ETF pro.

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Absolutely.

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No more confusion, no more jargon.

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That's right.

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Just straight understanding.

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Yeah.

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So if you've heard of ETFs,

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but you've never really understood

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what they are, how they work,

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then this is the deep dive for you.

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That is.

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Let's jump right in.

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Let's do it.

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Okay, so the podcast we're looking at today

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describes an ETF as a basket of assets.

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What does that even mean?

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It's a good analogy actually

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because it really gets to the heart

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of what an ETF is all about,

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which is diversification.

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So with a single ETF,

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you're not just investing in one company stock,

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you're investing in a whole bunch of them.

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You know, maybe it's across different sectors

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or different countries even.

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So instead of putting all your eggs in one basket,

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you're kind of spreading them out a little bit.

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Exactly.

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And that's the beauty of it.

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Okay, I like that.

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Now the podcast we're listening to also mentioned

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that ETFs trade just like stocks,

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which is different from mutual funds,

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which are priced only once a day.

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Right.

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They use this analogy of a stock market buffet.

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I love that.

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Yeah.

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Yeah, because with an ETF,

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you can pick and choose what you want

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and when you want it.

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You're not limited to just the end of the day prices

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like you are with a mutual fund.

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So it gives you a little more control.

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Much more control.

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Yeah, okay.

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And flexibility.

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Especially if you're somebody who likes

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to kind of actively trade.

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Exactly.

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If you like to be in and out of the market

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and react to news and events,

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then ETFs are perfect for that.

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You got your finger on the pulse.

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You got it.

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Now let's talk about something that I know everybody loves

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and that is low fees.

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Everyone loves low fees.

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The podcast we were listening to,

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they made this funny comment about fancy suit wearing people

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charging high fees.

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But ETFs really stand out because they're known

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for being cost effective.

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Yeah, they are.

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And that's a huge advantage.

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It's not just about being cheap.

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It's about keeping more of your hard earned money

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working for you.

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Because those fees can really add up over time, right?

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They absolutely can't.

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It's like a silent drain on your returns.

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It's like a little hole in your pocket.

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Yeah, exactly.

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Okay, so low fees, that's a big plus.

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Big plus.

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Now to really understand the power of these low fees,

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we need to go back to that basket of assets idea.

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Yes.

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And talk more about diversification.

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I love that they use this dinner party analogy.

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Oh yeah, that took good one.

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Yeah, they were saying you wouldn't serve the same dish

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to everyone at a dinner party.

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Because you don't know what their dietary needs are.

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Right, some people might be vegetarians,

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some people might be gluten free.

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Exactly, so you offer a variety of options.

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A buffet of choices.

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A buffet of choices, just like our ETF buffet.

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Exactly, and that's what diversification is all about.

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Okay, so you're spreading out your risk,

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you're not putting all your eggs in one basket.

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Exactly, and you're doing it in a way

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that's managed by professionals.

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So you don't have to be an expert

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to build a diversified portfolio.

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You know, you can leave that to the experts

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who design the ETFs.

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So it takes the pressure off.

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It does, it really does.

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Now let's tackle something that can be

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a little bit confusing, taxes.

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Yes, taxes is always a fun topic.

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Always a fun topic.

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The podcast briefly mentioned how ETFs

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can be more tax efficient than other types of investments

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because of their in-kind structure.

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I'll be honest, I don't even fully understand

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that in-kind thing.

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It is a bit jargon-y, isn't it?

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It is a bit, yeah.

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Can you break it down for us?

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Sure, so basically the way ETFs are structured,

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they minimize the taxes you have to pay

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when you sell them for a profit.

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It has to do with how they buy

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and sell the underlying assets.

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So it's a bit complicated,

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but the good news is it's working in your favor.

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Okay, so even though it's complicated,

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it's actually a good thing for us.

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It is a good thing you get to keep more of your money.

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I like the sound of that.

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Me too.

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Okay, so we've got diversification,

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we've got low fees, we've got tax advantages.

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What else is there?

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Well, let's not forget about liquidity.

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Yes, liquidity.

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The podcast used this great analogy

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of searching for your car keys.

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You want them to be there when you need them, right?

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I don't want to be scrambling around.

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Exactly, and with ETFs,

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you have that same kind of easy access to your money.

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Because they trade on the stock market,

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just like individual stocks.

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Right, so you can buy and sell them quickly and easily.

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It gives you the flexibility to react

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to whatever's happening in the market or in your life.

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Exactly, you're not locked in.

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I like that.

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So you can get some freedom.

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Freedom.

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And control.

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Okay, so we've covered a lot of ground here.

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We've talked about diversification, low fees,

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tax advantages and liquidity.

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It sounds like ETFs really have a lot to offer.

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They do, they're a fantastic tool

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for investors of all levels.

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All right, well, let's take a quick break.

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And when we come back,

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we'll delve even deeper into the world of ETFs.

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Sounds good.

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It really is all about giving you more control

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as an investor.

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And that actually reminds me,

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the source we were listening to,

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they really emphasized how much variety there is

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when it comes to ETFs.

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Like you can invest in almost anything these days

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through an ETFs.

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Like you can invest in almost anything these days

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through an ETF.

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It's pretty mind blowing actually.

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You know, it goes way beyond just stocks and bonds.

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Oh yeah.

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They were talking about ETFs that track commodities,

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like gold and oil, real estate.

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Even specific industries like clean energy or AI.

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It's incredible.

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You can basically invest in any sector or trend

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that you're interested in.

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So instead of trying to pick individual stocks,

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you could invest in a whole sector

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that you think is gonna do well.

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Exactly.

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Like imagine investing in an ETF

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that focuses on companies developing sustainable solutions.

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Oh, that's a good one.

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Right.

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I like that.

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So you're not only growing your wealth,

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but you're also supporting the future you wanna see.

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Yeah, aligning your investments with your values.

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Exactly.

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Okay, so let's say I'm really interested

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in the future of healthcare.

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Okay.

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Are there ETFs that focus on that?

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Absolutely.

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There are ETFs that track companies

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at the forefront of medical innovation.

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You know, things like gene editing, telemedicine,

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all that cutting edge stuff.

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So cool.

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And what about like the electric vehicle market?

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Everyone's talking about electric vehicles.

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Of course.

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There's probably like a dozen ETFs for that.

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Really?

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Yeah.

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Wow.

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It's a hot sector.

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It really is.

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ETFs have really changed the game, haven't they?

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They have.

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They've made investing accessible to everyone.

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It's not just for, you know, Wall Street anymore.

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Exactly.

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You don't need a million dollars to get started.

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Okay, so let's say I'm ready to start investing in ETFs.

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Okay.

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What are some things I should be thinking about?

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Well, first things first.

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You need to know what you're looking for.

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Okay.

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What are your goals?

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Are you looking for long-term growth?

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Are you looking for income or a little bit of both?

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Makes sense.

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And how much risk are you comfortable with?

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Yeah, you don't want to, you know,

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bite off more than you can chew.

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Exactly.

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It's like choosing the right hiking trail.

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Ooh, I like that analogy.

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Right.

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You need to know your fitness level

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and how challenging you want the hike to be.

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Okay, so once I know my goals and my risk tolerance.

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Then you need to do some research on the specific ETF

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you're interested in.

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Look at the underlying holdings.

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What does that mean?

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So basically what companies or assets make up that ETF?

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Oh, okay.

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Because the ETF strategy align with your own goals.

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Got it.

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It's like checking the ingredients list

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before you buy food.

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Yeah, you don't want any surprises?

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Exactly.

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And then of course you want to pay attention

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to the expense ratio.

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That's the fee, the fund manager charges, right?

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Right.

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And as we talked about earlier,

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those fees can really add up over time.

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Yeah, so lower is better.

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Lower is better.

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Okay.

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And anything else I should be looking at?

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Definitely look at the trading volume and liquidity.

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What does that mean?

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Basically you want to make sure

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that there are enough people buying and selling the ETF.

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Okay.

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So that you can easily get in and out of your investment

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when you need to.

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So you're not stuck.

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Exactly.

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You don't want to be stuck with an ETF

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that nobody wants to buy.

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Like a steel piece of bread.

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Exactly.

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Okay, so to recap,

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what are the key things to consider when choosing an ETF?

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Your goals.

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Okay.

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The underlying holdings,

280
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the expense ratio and the liquidity.

281
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Got it.

282
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That's a lot to keep in mind.

283
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It is, but don't worry.

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There are lots of resources out there

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that can help you.

286
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Oh, good.

287
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Websites, financial advisors.

288
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So you don't have to go it alone?

289
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You don't have to.

290
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Great.

291
00:08:17,480 --> 00:08:19,960
So I'm feeling a little more confident about ETFs now.

292
00:08:19,960 --> 00:08:21,080
Good, I'm glad to hear that.

293
00:08:21,080 --> 00:08:21,920
But I have to admit,

294
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it's still a little bit overwhelming.

295
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I understand.

296
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It's a big world out there.

297
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It is.

298
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So where do I even start?

299
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Well, my advice would be to just start exploring.

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Exploring.

301
00:08:32,760 --> 00:08:33,580
Yeah.

302
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There are websites where you can filter ETFs

303
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based on your interests, your risk tolerance, all of that.

304
00:08:39,640 --> 00:08:40,480
Okay.

305
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Think about the sectors or trends

306
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that you're excited about.

307
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Right.

308
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And see if there's an ETF that aligns with your vision.

309
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So it's about finding investments

310
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that you're passionate about.

311
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Exactly.

312
00:08:49,600 --> 00:08:50,760
It should be fun.

313
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Fun.

314
00:08:51,600 --> 00:08:53,640
Yeah, investing shouldn't feel like a chore.

315
00:08:53,640 --> 00:08:54,480
I agree with that.

316
00:08:54,480 --> 00:08:57,400
I mean, it's really amazing how approachable ETFs

317
00:08:57,400 --> 00:08:58,840
have made investing, wouldn't you say?

318
00:08:58,840 --> 00:09:00,120
Oh, absolutely.

319
00:09:00,120 --> 00:09:03,040
They've really, I think, taken what could be

320
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a kind of complicated and intimidating world

321
00:09:06,240 --> 00:09:08,880
and made it so much more accessible for everybody.

322
00:09:08,880 --> 00:09:09,720
Yeah.

323
00:09:09,720 --> 00:09:10,560
And thinking back to the podcast

324
00:09:10,560 --> 00:09:11,840
that we've been talking about today,

325
00:09:11,840 --> 00:09:15,400
it seems like ETFs really offer a really great combo

326
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of benefits for in-vehicleers of all different levels.

327
00:09:19,120 --> 00:09:19,960
Definitely.

328
00:09:19,960 --> 00:09:22,520
Diversification, low fees, flexibility,

329
00:09:22,520 --> 00:09:24,720
the tax advantages, liquidity.

330
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It's like they took all the best parts of investing

331
00:09:26,600 --> 00:09:28,560
and put it all in one package.

332
00:09:28,560 --> 00:09:31,360
Yeah, with so many different ETFs to choose from,

333
00:09:31,360 --> 00:09:33,200
you can really tailor those investments

334
00:09:33,200 --> 00:09:35,880
to your specific interests and goals.

335
00:09:35,880 --> 00:09:36,720
Exactly.

336
00:09:36,720 --> 00:09:38,040
Whatever you're passionate about,

337
00:09:38,040 --> 00:09:39,960
whether it's renewable energy or AI

338
00:09:39,960 --> 00:09:41,160
or the future of healthcare,

339
00:09:41,160 --> 00:09:43,920
there's probably an ETF out there that's perfect for you.

340
00:09:43,920 --> 00:09:45,680
And it's empowering too, right?

341
00:09:45,680 --> 00:09:47,320
To think that you can not only grow your wealth,

342
00:09:47,320 --> 00:09:50,080
but also support those causes and innovations

343
00:09:50,080 --> 00:09:51,040
that you believe in.

344
00:09:51,040 --> 00:09:51,880
Yeah, it really is.

345
00:09:51,880 --> 00:09:52,720
It's a win-win.

346
00:09:52,720 --> 00:09:54,560
So I have a question for you and for our listeners.

347
00:09:54,560 --> 00:09:55,520
Okay, I'm ready.

348
00:09:55,520 --> 00:10:00,520
If you could invest in any sector or trend using an ETF,

349
00:10:01,000 --> 00:10:03,000
what would it be and why?

350
00:10:03,000 --> 00:10:04,800
That's a good question.

351
00:10:04,800 --> 00:10:07,280
I think for me, it would have to be an ETF

352
00:10:07,280 --> 00:10:09,640
that focuses on sustainable food solutions.

353
00:10:09,640 --> 00:10:10,560
Oh, interesting.

354
00:10:10,560 --> 00:10:11,400
Tell me more.

355
00:10:11,400 --> 00:10:13,520
Well, you know, I'm really interested in companies

356
00:10:13,520 --> 00:10:16,320
that are doing innovative things in like vertical farming

357
00:10:16,320 --> 00:10:19,280
or alternative proteins, regenerative agriculture,

358
00:10:19,280 --> 00:10:20,560
all that kind of stuff.

359
00:10:20,560 --> 00:10:22,440
It's a sector that's not only addressing

360
00:10:22,440 --> 00:10:25,120
like really critical global challenges,

361
00:10:25,120 --> 00:10:28,360
but also it's poised for like huge growth

362
00:10:28,360 --> 00:10:29,760
in the coming years.

363
00:10:29,760 --> 00:10:30,800
I love that.

364
00:10:30,800 --> 00:10:32,600
That's a fantastic choice.

365
00:10:32,600 --> 00:10:33,440
What about you?

366
00:10:33,440 --> 00:10:35,160
Where would your investment journey take you

367
00:10:35,160 --> 00:10:36,840
if you could pick any ETF?

368
00:10:36,840 --> 00:10:38,080
Ooh, that's tough.

369
00:10:38,080 --> 00:10:39,840
There are so many exciting possibilities,

370
00:10:39,840 --> 00:10:41,160
but if I had to pick just one,

371
00:10:41,160 --> 00:10:42,160
I think I'd go with an ETF

372
00:10:42,160 --> 00:10:44,080
that's all about space exploration.

373
00:10:44,080 --> 00:10:45,640
Ooh, space exploration.

374
00:10:45,640 --> 00:10:47,840
Yeah, you know, investing in companies

375
00:10:47,840 --> 00:10:50,160
that are pushing the boundaries of human knowledge,

376
00:10:50,160 --> 00:10:51,960
venturing into the unknown,

377
00:10:51,960 --> 00:10:53,880
that just really captures my imagination.

378
00:10:53,880 --> 00:10:55,160
That's such a great choice.

379
00:10:55,160 --> 00:10:57,120
And it's a sector that has so much potential,

380
00:10:57,120 --> 00:10:58,240
you know, in the years to come.

381
00:10:58,240 --> 00:10:59,240
For sure.

382
00:10:59,240 --> 00:11:01,080
Well, I think it's time to wrap up our deep dive

383
00:11:01,080 --> 00:11:02,600
into the world of ETFs today.

384
00:11:02,600 --> 00:11:03,440
Yes.

385
00:11:03,440 --> 00:11:05,160
We hope this episode has given you a clear understanding

386
00:11:05,160 --> 00:11:07,560
of what ETFs are, how they work,

387
00:11:07,560 --> 00:11:09,320
and why they might be a good addition

388
00:11:09,320 --> 00:11:10,720
to your investment portfolio.

389
00:11:10,720 --> 00:11:11,840
Absolutely.

390
00:11:11,840 --> 00:11:14,480
And remember, knowledge is power.

391
00:11:14,480 --> 00:11:16,040
So the more you learn about ETFs,

392
00:11:16,040 --> 00:11:17,320
the better prepared you'll be

393
00:11:17,320 --> 00:11:18,880
to make those informed decisions

394
00:11:18,880 --> 00:11:20,240
and create a portfolio

395
00:11:20,240 --> 00:11:23,320
that really reflects your own goals and aspirations.

396
00:11:23,320 --> 00:11:25,640
Thanks for joining us on this journey of discovery.

397
00:11:25,640 --> 00:11:26,480
Yes, thank you.

398
00:11:26,480 --> 00:11:28,040
We encourage you to continue exploring

399
00:11:28,040 --> 00:11:29,480
the world of ETFs

400
00:11:29,480 --> 00:11:31,480
and discover all the amazing possibilities

401
00:11:31,480 --> 00:11:32,520
that they offer.

402
00:11:32,520 --> 00:11:34,520
Until next time, happy investing.

403
00:11:34,520 --> 00:11:35,640
Happy investing.