Focusing on costs, thinking long term and understanding risk tolerance are just a few of the tips some experts are offering when it comes to investing in ETFs.
, especially with regard to stocks, Nolan said you should be thinking in decades, not months or even years.
"While these options allow investors to customize to their particular desires, it is important that the first-time investor understand their risk tolerance," he said. "If they need to utilize the funds soon, they should emphasize lower-risk investments, while someone who is just starting their career and is looking to save for retirement 30-40 years away may want to accept more volatility for the long-term appreciation opportunity," he added.For any first-time investors or those who are looking to diversify their investment portfolios, ETFs can be a great place to start, said Leanna Devinney, vice president and branch leader at Fidelity Investments.
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