The Best Way to buy commodities
Buying commodities doesn't have to be complicated! Here are the easiest ways to get started:
- Exchange-Traded Funds (ETFs): The simplest way to start! ETFs like PDBC or DBC let you buy commodities just like buying stocks. You can use apps like Robinhood or get help from your parents to open a custodial account with brokers like Fidelity or Charles Schwab.
- Mutual Funds: Similar to ETFs but managed by professionals. The PCRAX fund is a popular choice that invests in various commodities.
- Stock in Companies: Buy shares in companies that produce commodities. For example, if you're interested in gold, you could buy stock in mining companies.
Important Tips:
- Start small and learn as you go
- Never invest money you can't afford to lose
- Always get your parents' permission and help
- Research before investing
Helpful Resources:
Investopedia - Commodity Funds
Fidelity - Commodity ETFs
Charles Schwab - Guide to Commodity ETFs