How do you buy stocks in a industry like oil or banks?

Question

I don't mean one or two companies I mean the whole industry?

A example is say I think that Savings & Loans or Major Integrated Oil & Gas the industry will perform well in the next 30 days.I dont want buy a individual stock I just want to buy the industry for 30 days and sell.Is there a way to do this spending a $100 or $200 only?

Thanks,

Dan

Answer 1

Hi,

That you can do by investing in an index of that specfic sector in which you are interested.

Answer 2

You can purchase an ETF. Please go on Yahoo Finance and start researching. Some of the oil ETF's are OIL, DIG, DUG (that's a short fund). Gas alone is UNG. You can go long the financials the same way. Some of the ETF's are underwritten by Ishares, Powershares, Wisdom Tree, Deutche Bank also has them. I think there are over 600 ETF and ETN funds. You will surely find what you want if you research online. Also, you need a brokerage account and these trade all day long, unlike Mutual funds, that you can only get out of, at the end of the trading day.

So, good luck! Make some money! Try Bloomberg, too. They have an ETF section.  

Answer 3

No, a initial investment would probably cost you 1k with subsequent payments of 100 or 200 maybe... If you only plan on spending 100 or 200 one time.  Don't even expect to make much... A trade will cost you money, or if you go mutual funds it will be gone by MER costs.

Answer 4

Yes, invest in an ETF, much better than a mutual fund for alot of reasons, please educate yourself on this, it is worth your while and your dollar.

http://en.wikipedia.org/wiki/Exchange-tr...

Also, as an investment advisor (Canadian)  I would recommend this site to educate yourself even more.

http://www.claymore.com/etf/etfhome.aspx