Key takeaways
- Learn the vocabulary before the app’s big green button.
- Fees and bid-ask spreads are costs even when the “commission” is zero.
- Primary documents beat influencers: prospectus, 10-K, fund fact sheet.
Ticker: the short symbol. Bid / ask: what buyers offer and sellers want; the spread is a cost. Market order: take the available price. Limit order: a price ceiling or floor. Expense ratio: annual fund fee. Cost basis: what you paid, for taxes. 10-K: a company’s annual report to the SEC. Prospectus: the fund’s rulebook.
If a video cannot define those and still wants you to leverage, leave. Daily Scope 24 will keep this page boring on purpose.
