Sunday, October 29, 2017

Social Media Mania: The Global X Social Media ETF (SOCL)

Learn about the Social Media ETF (SOCL)
If you like social media it may be worth checking out The Global X Social Media ETF (SOCL) fund. This ETF offers a range of social media stocks. This ETF has been thriving this year, but if you believe we are in a tech bubble it may not be the best choice for you. Also, beware that it is not well diversified considering that it is only a small sector.

As you can see this ETF really has been on the rise. If you check out the fund's website you will see that it has grown by about 119% since its inception averaging more than 14% a year. Although, beware past earnings don't guarantee future yields. The expense ratio is a little high at 0.65%. Stash has a good post with more information about this investment. I always recommend taking the time to research your investments and only investing in things that actually matter to you.

If you look at how much social media affects our lives these days you can see why people are looking to invest in it. Currently, I use Stash Invest to make my investments. They are a touch expensive, but the ease of use and upfront fee schedule make it worthwhile to me. Their fees are 0.25% a year unless you're under $5,000 then its $1 a month.

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