Investment Channels in US Stock Market - The US stock market is a significant financial market attracting many investors, and understanding the main investment channels is crucial for those looking to participate [1] Brokerage Firms - Investors can choose between traditional offline brokers and modern online brokers. Traditional brokers offer comprehensive services, including professional advisory teams, in-depth market research reports, and diverse trading channels, but their service fees are relatively high, which may not be friendly for small investors [1] - Online brokers leverage the convenience of the internet to attract a large number of clients with lower trading costs. Investors can start trading in US stocks by completing registration and identity verification on their platforms, which typically offer user-friendly interfaces, real-time market data, and a variety of trading tools [1] Banks - Some large banks provide US stock investment services, benefiting from strong credibility and financial stability, which assures investors of the safety of their funds. Banks often have extensive service networks to offer face-to-face consulting services [2] - The investment products offered by banks are diverse, including direct stock investments and funds related to US stocks. However, banks may have higher investment thresholds, and the returns on investment products can be influenced by both the bank's policies and market fluctuations [2] Investment Funds - Investing in US stock funds is another common method. US stock funds are a collective investment managed by professional fund managers, allowing investors to participate in the US stock market without needing specialized stock analysis skills. The diversified investment portfolios of funds can effectively reduce the risks associated with individual stocks [2] - There are various types of US stock funds, such as index funds and actively managed funds. Index funds typically track specific US stock indices and aim to replicate their performance with lower management fees, while actively managed funds rely on the fund manager's expertise to select stocks, aiming for returns that exceed market averages, albeit with higher management fees and operational costs [2] American Depositary Receipts (ADRs) - Purchasing American Depositary Receipts (ADRs) is another way to invest in US stocks. ADRs are transferable certificates issued by US banks representing ownership of a certain number of foreign company stocks. They provide a trading channel for foreign companies not directly listed in the US, allowing investors to buy ADRs as if they were purchasing the corresponding foreign company stocks [3] - ADRs are traded similarly to domestic US stocks on US exchanges, with their price fluctuations closely related to the corresponding foreign company stocks [3]