Also called stock symbols, ticker symbols are abbreviations that identify publicly traded shares on the stock market
Why It's Important
Ticker symbols are how you can find what stock or mutual fund you would like to invest in. When you use brokerage firms, like TD Ameritrade, Charles Schwab, etc., you have to put in the ticker symbol to buy and sell shares. Don't know the ticker symbol of the company or fund you are looking for? No worries! A quick Yahoo Finance search will provide the information you need. Some popular ticker symbols are:
GOOG - Alphabet (Google)
WMT - Walmart
NFLX - Netflix
FB - Facebook
SPY - S&P 500 Index Fund
There are literally thousands of ticker symbols out there! I challenge you, this week, to do a quick search of a company you are interested in or that you purchase from and find out what the ticker symbol is. Share with me on social media what you found!
*The information provided is for informational purposes and is no way investment advice*
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