Why This ETF Is My Number One Recommendation for New Investors
There have been record numbers of new investors entering the market in the past two years, fueled by a variety of factors, not least of which is the greater ease and lower cost of doing so.
According to a recent survey by Investing.com, 86% of new investors in 2021 plan to increase their stock holdings in 2022, not scared off by the fact the market has been down sharply since last November.
Not overreacting to market volatility is indeed a good lesson already learned. The market downturn has brought down valuations of many high-quality companies, making it a good time to buy. Given the fact most new investors are younger and unafraid to take more risky positions, according to the survey, there's one exchange-traded fund in particular that jumps out as a great option for new investors -- the Fidelity MSCI Information Technology Index ETF (NYSEMKT: FTEC).
Source Fool.com
