How to Buy Shares of Apple for Less Than $30
Posted on March 27, 2012 at 13:34 PM EDT
When a stock trades up to $600... that's impressive. Problem is when we're talking about Apple (Nasdaq: AAPL ) and as that's exactly what we're doing here, it's also depressing. Depressing because a lot of investors want to get in on the action, but at $600, 100 shares costs $60,000. That's an entire portfolio for some investors. One option for relief from this quandary comes from ETFs, scores of which offer decent exposure to Apple . Fortunately, there are no "Apple ETFs" trading for $600. In fact, none of the ETFs that can be used for decent Apple exposure even trade in the triple digits - at least not yet. Here are some more "Apple on the cheap" ETF options to consider beyond the PowerShares QQQ (Nasdaq: QQQ ), the Technology Select Sector SPDR (NYSE: XLK ) and the iShares Dow Jones US Technology Index Fund (NYSE: IYW ). Global X NASDAQ 500 ETF (Nasdaq: QQQV) The Global X NASDAQ 500 ETF debuted in December 2011, so it's still fair to call this fund a new ETF and it might be that rookie status that has folks glossing over this fund as a legitimate way of getting solid exposure to Apple. That's too bad because since QQQV debuted, it's up 19.74% and that's not including Tuesday's gains. That performance is triple what QQQ has offered over the same time frame. Click here to continue reading...
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