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An ETF is a basket of funds that trade like a stock. Kind of like a hybrid between a mutual fund and a stock. The cool thing about ETFs is that they can be indexed, which means they are tracked and averaged as they earn you money. This means you are often given good performance while minimizing risk. They are difficult to explain in brief. The only book I've actually read on the topic is New Investment Frontier by Howard Atkinson. It's Canadian, though.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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