I bought my first ETF on impulse. I could lie and say that I did a lot of research before purchasing it but all I looked at was the expense ratio and the ETFs top holdings, which are all popular and well-known companies.
One thing that fascinates me, which I thought of after buying the ETF, is the fact that my mind was fixated on ETFs just from reading all the praises about them. I could justify myself by saying that since they are on every investment website I visit, it was hard not to be swayed.
I thought the first investment I would make would be thoroughly researched but I guess I am more impressionable than I initially thought. I am too trusting of people smarter than I am, I guess.
I am very lucky in the sense that my investment is showing an impressive upward trend. It has a few blips here and there, of course. My confidence would have taken a hit if it had gone in the opposite direction. Nothing is certain in this world. That fact has been drilled into my head for the past few weeks. For all I know, the ETFs worth may plummet tomorrow.