Everywhere you look, new exchange-traded funds are popping up. Manypeople think they're a must-have for a successful portfolio. Buteven though investors have poured more than $1 trillion into ETFs,the question remains: Do you really need them? ETFs have come a long way in the past 20 years. With 1993's debutof the SPDR S&P 500 ETF ( SPY ), investors got their first chance to buy and sell shares of anindex fund on the open market throughout the trading day. Slowlybut surely, new ETFs that tracked other popular market indexes,including the Dow Jones Industrials (^ DJI ) and the Nasdaq 100, gained the interest of investors. For most of those early ETFs, though, intraday trading was the realinnovation. Mutual funds already tracked many of those indexes,giving investors alternatives to mirror their returns. But mutualfunds only let you buy and sell once per day, red soled shoes and you were stuckwith the closing price even if you placed your order early in theday. In recent years, the number of ETFs on the market has explodedhigher, with well over 1,000 funds available to investors. Now,ETFs gold high heels for prom track not just the best-known indexes, but also small nichemarkets that many typical investors amazing high heels may never have even heard of. The Pros and Cons of ETFs If you invest for the long haul, the daily trading aspects of ETFsaren't really important. Low costs, on the other hand, make ETFsgreat bargains for fee-conscious investors. red bottom shoes Some discount brokerseven offer ETFs to their customers without any commission, givingyou much greater access to the vehicles and making them more viablefor investors who take a little money out of each paycheck toinvest. Unfortunately, the fee realm is where many new ETFs fall short. Youmight think that tracking smaller parts of the market would reducefees, because the ETF would have fewer stocks to buy and high heels shoes sell thanthose tracking broader market indexes. But in reality, the oppositeis often true. Many niche ETFs charge fees that can be 10 times ormore what you'll pay for a vanilla S&P 500 ETF. Still, christian louboutin outlet focused ETFs can give you exactly the exposure you want in away that's difficult to find elsewhere, even with traditionalmutual funds. That's why so many investors use them, especially inup-and-coming investment types like emerging-market stocks andbonds, as well as commodities and other alternative assets. I am an expert from multi-touchtabletpc.com, while we provides the quality product, such as China 3G Wifi GPS Mobile Phones , China Netbook Laptop Computers, 7 Inch Touchpad Tablet PC,and more.