Understanding Markets

Markets are where investors buy and sell different types of assets—stocks, bonds, ETFs, commodities, currencies, crypto, and real estate. Each market works a bit differently and carries its own costs, risks, and roles in a portfolio. Use this section to compare options and learn how to get exposure.

Market Comparison

Scan fees, risk, and typical use across markets. Click any row to open its detail page.

Bonds

Open

Income, stability

Fees: Low
Risk: Low–Medium

Interest rate, credit

Commodities

Open

Hedge, speculation

Fees: Medium
Risk: High

Leverage, price swings

Crypto

Open

Speculation, innovation

Fees: Med–High
Risk: High

Volatility, regulation

ETFs

Open

Diversification, passive

Fees: Low
Risk: Low–Medium

Market, tracking error

Forex

Open

Currency exposure

Fees: Low
Risk: High

Leverage, geopolitical

Indices

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Benchmarking

Fees: None
Risk: Low–Medium

Market risk

Mutual Funds

Open

Diversification, active

Fees: Medium
Risk: Medium

Manager, liquidity

Real Estate/REITs

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Income, diversification

Fees: Medium
Risk: Medium

Liquidity, cycles

Stocks

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Growth, ownership

Fees: Low to medium
Risk: Medium–High

Volatility, company risk

For informational purposes only. Not investment advice.

Stocks

Ownership shares in individual companies, traded on public exchanges.
  • Examples: AAPL, MSFT, TSLA
  • Costs: Brokerage fees, bid/ask spread
  • Risks: Market volatility, company risk

ETFs

Funds that track baskets of assets, traded like stocks.
  • Examples: SPY, QQQ, VTI
  • Costs: Low expense ratios, trading fees
  • Risks: Market risk, tracking error

Mutual Funds

Pooled investment funds managed by professionals.
  • Examples: VTSAX, FXAIX, SWPPX
  • Costs: Expense ratios, possible sales loads
  • Risks: Manager risk, liquidity limits

Bonds

Debt securities issued by governments or corporations.
  • Examples: US Treasuries, corporate bonds
  • Costs: Bid/ask spread, fund fees
  • Risks: Interest rate, credit risk

Commodities

Physical goods like gold, oil, or wheat traded on exchanges.
  • Examples: Gold, oil, corn
  • Costs: Futures fees, storage
  • Risks: Price swings, leverage risk

Forex

Global currency trading market, highly liquid and leveraged.
  • Examples: EUR/USD, JPY/USD
  • Costs: Spreads, commissions
  • Risks: Leverage, geopolitical risk

Crypto

Digital assets like Bitcoin and Ethereum traded 24/7.
  • Examples: BTC, ETH, SOL
  • Costs: Exchange fees, slippage
  • Risks: Volatility, regulatory risk

Indices

Statistical measures of market performance (e.g., S&P 500).
  • Examples: S&P 500, Dow Jones
  • Costs: None directly
  • Risks: Market risk

Real Estate/REITs

Property investments, often via Real Estate Investment Trusts.
  • Examples: VNQ, O, SPG
  • Costs: Management fees, property taxes
  • Risks: Liquidity, market cycles

Exchanges

Compare major global stock exchanges (NASDAQ, NYSE, TSX, LSE, HKEX) by representative listings and internal metrics.
  • Examples: NASDAQ, NYSE, TSX
  • Costs: Commissions, spreads, FX
  • Risks: Systemic, liquidity, geopolitics