"What is the Dow Jones Industrial Average (DIAMOND or DIA) ETF"

One popular Exchange Traded Fund ETF tracks the 30 companies of the Dow Jones Industrial Average (DJIA). This ETF's symbol is DIA, and the shares are commonly called "Diamonds."

That is actually their official name: DIAMONDS, Trust Series 1, a unit investment trust. State Street and Bank is the trustee. Creation units are 50,000 or multiples of that. Dividends are paid monthly.

Although most market professionals prefer to focus on the S&P 500 as more representative of the market as whole, the Dow Jones Industrial Average is still most recognized index in the world.

To most Americans, the Dow Jones Average is the stock market

And, although not perfectly correlated to the S&P 500, on most days they do pretty much the same, up or down.

DIA has an expense ratio of 0.18%, and is traded on the American Stock Exchange. They have the third largest trading volume of all ETFs, behind Spiders (tracking the S and P 500) and Qubes (tracking the Nasdaq 100).

The 30 stocks in the Dow Jones Industrial Average and this ETF funds list are:

• United Technologies -- UTX
• 3M -- MMM
• International Business Machines -- IBM
• Caterpillar -- CAT
• American International Group -- AIG
• Johnson & Johnson -- JNJ
• Procter & Gamble -- PG
• Wal-Mart Stores -- WMT
• Coca-Cola -- KO
• Boeing -- BA
• American Express -- AXP
• Altria Group -- MO
• Merck & Co. -- MRK
• Citigroup -- C
• Exxon Mobil -- XOM
• General Motors -- GM
• E.I. DuPont de Nemours -- DD
• J.P. Morgan Chase -- JPM
• Honeywell International -- HON
• Verizon Communications -- VZ
• Home Depot -- HD
• Pfizer -- PFE
• General Electric -- GE
• Alcoa -- AA
• Microsoft -- MSFT
• McDonald's -- MCD
• Intel -- INTC
• Walt Disney -- DIS
• SBC Communications -- SBC
• Hewlett-Packard -- HP

If you're an investor who prefers to stick with the very top companies of the U.S. economy instead of the more broad-based S and P 500, but you can't afford to buy shares in all 30 of the above companies, you can buy Diamonds, and that market price will closely track the performance of the Dow 30. These are the bluest of the blue chip stocks, and DIA is an easy way to match their performance.

One Exchange Traded Fund is the most heavily traded security, by volume, in the world, and has the peculiar name of QQQQ, also known as Qubes, and it tracks the NASDAQ-100 index.

Click to watch brief (30 second), exciting video on finding financial freedom through investing for income . . .

Now experience for yourself the joy of securing your retirement through income investing!

Want more income -- now or when you retire? Get your free eCourse:

Learn the Secrets of Investors Who Make Money in Both Bull and Bear Markets . . . Good Times and Bad!

Before the subprime mortgage mess makes stock market goes down more . . . before the stock market goes up, making dividend paying stocks more expensive . . . before the rising cost of gas, gold and food -- and the sinking U.S. dollar -- put the world into a recession . . . before retiring baby boomers start selling off their growth stocks . . . before you need investment income just to eat!

  

7 Reasons to Invest for Income -- NOW More Than Ever

Rick Stooker

• The greatest secret to income investing (Einstein called it "The most powerful force in the universe")

• What -- historically -- gives stock market investors 1/2 of their total returns (from 1929-1954; 1966-1981; and 1999-mid-2008 it was the ONLY way to make money from the stock market!)

• How to avoid suffering from accounting fraud. Automatically keeps you from throwing you money away on future Enrons, Tycos, and WorldComs

It's easy. Just enter your first name and email address into the form below.

(NOTE: I greatly respect your privacy. I will never sell, rent, share or give away your email address to anyone. There is no obligation. You can unsubscribe at any time. After you click the button, you'll be taken to a page to thank you.)

Or, you can subscribe to the 7 Reasons to Invest for Income Now More Than Ever RSS feed. Just click on the orange RSS feed icon below:

Disclaimer:

I am not a financial advisor. I am not a broker. I am not a financial planner.

I have no professional licenses.

I am a wide reader and an independent thinker and this site gives my opinions on the subject of income investing.

Nothing in this site is to be construed as professional advice.

I am not responsible for the results of your investment decisions.

Past results are no guarantee of future returns.

You must read, think over what I say, make your own investment decisions and take responsibility for your own life, including the results of your investment decisions.

Continuing to stay on this site implies your acceptance of these terms.

Income Investing Site Full Website Agreement

Fixed Income Investments

Growth Income Investments

Why Income Investing

Income Investing Concepts