I saw on a tv show last night, that the best thing a young person who doesn't have a lot of money can do is invest in a Spyder. Does anyone have first hand experience in this, and if so, can you tell me how this works and where I can go to start the process?
2007-11-03 17:41:11 · 5 answers · asked by me 3 in Business & Finance ➔ Investing
A spyder is nothing for than an exchange traded fund that tracks the S&P500 or S&P100 etc...
They have ticker symbols just like stocks, and trade just like stocks.
2007-11-03 17:46:20 · answer #1 · answered by justhefacts 3 · 0⤊ 1⤋
Open a brokerage account and buy the ETF with the ticker SPY. The process is exactly the same as for a stock.
2007-11-03 17:50:48 · answer #2 · answered by just_plain_name 3 · 0⤊ 1⤋
Open a brokerage account at Zecco and I will help you for FREE. (I am a Portfolio Manager with over a decade of experience in the Stock Markets)
2007-11-04 08:43:57 · answer #3 · answered by Anonymous · 0⤊ 1⤋
Put your money in a fly then the spider will eat the fly and your money will be in the spider.
2007-11-03 19:28:29 · answer #4 · answered by shipwreck 7 · 1⤊ 1⤋
go to any commercial bank or brokerage firm.open an account and buy..............
2007-11-03 18:10:51 · answer #5 · answered by richard t 7 · 0⤊ 1⤋