Use ETFs to create a diversified 10-item portfolio
ByABC News
July 20, 2009, 2:38 PM
— -- Q: What 10 stocks should I buy if I want to get the best returns for the long and short term?
A: Why do you think you need 10 stocks? Why not nine stocks or 11?
The fact you're asking for 10 stocks makes me think you're willing to do a little more tinkering with your portfolio. And while you may not have known it, 10 is a decent number of stocks to create a diversified portfolio.
Thanks to the boom in exchange-traded mutual funds, which trade like stocks, you can own shares in thousands of companies by buying a handful of investments.
To find ETFs that match the criteria above, the ETF Screener at USATODAY.com can help.