Kel Galavan

And I know a lot of people are not used to money things being called products, but they essentially are.

So an ETF, exchange traded fund.

It is a basket.

So think of just a picnic basket of sorts that has a whole choice of different companies in it.

And each basket can have a different flavor.

So you could have one that's based totally on Europe.

You could have one that's based on the UK.

You could have one that's maybe based on tech.

You could have one based on European tech.

So you can pick whatever flavor basket you want.

And you go, okay, so I'm really interested in just bog standard investing.

I just want to go with the market and not think too much about this.

And you might go, I just want a slice of the whole world.

No messing around with sectors or tech or healthcare or anything.

But then you find an ETF that has a slice of the world and that's the basket you buy.

And you can just buy it in one trade like you're buying a share.

And you can, like there's three and a half thousand ETFs out there at the moment.

There's probably more, but in our jurisdiction, there's about that and there's more coming on every day.

So do your research and make sure you understand exactly what that ETF is tracking.

So they tend to track indexes and that's the flavors I was talking about there a second ago.