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What is the difference between a Exchange traded fund and a index fund?
I am 21 and i ma looking to put my money back to work for me this year. I was told that my best bet is to invest in a index fund that track the S&P 500. However i am also being told that Exchange traded funds (EFT) are the way to go. I would like to know what is the main differences between the two. Any help at all would be greatly appreciated.
An ETF is an index fund as it holds a basket of stocks reflecting a particular index or sector. It can be bought or sold at any time during the day on the open market, and typically charges a fairly low amount for the management. Typically you might buy shares in an ETF, and 100 is the round lot multiple which is most easily traded, although many ETFs trade enough shares that you can get lower multiples traded as well. (eg. 83 shares at $12 for about $996). You'll pay a commission for each transaction, the amount varying with the brokerage you do business with.
If you're referring to index fund as a mutual fund which tracks an index, it its price is typically set at the end of the day, and can only be sold or bought at the end of day price. Depending on the company that manages this fund, the expense for doing so are typically higher than that of ETFs. The advantage of a mutual fund is that you may just decide to put, say $1000 into it and they'll divide up the number of shares that represents and you'd get the exact amount. The expenses are hidden and subtracted from the returns the fund generates (as with the ETF).
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Do any online bookmakers allow "place only" bets for UK horse races?
Online bookmakers only seem to offer "each way" bets on UK horse races. I know betting exchanges like Betfair & Betdaq do "place only" bets but cant find any bookmakers that do them.
try paddypower.com
