We can divide most financial advisors into two camps, depending on their beliefs about mutual funds and Exchange Traded Funds (ETFs). If you seek advice from a financial advisor, you could receive a wide range of advice depending on which camp the advisor belongs to.
Mutual Funds vs. ETFs
I explain what mutual funds and ETFs are in my free book, but let me briefly state the main difference between the two.
Both mutual funds and ETFs are pools of investors’ monies. In both cases, the money is used to invest in different financial securities (a ‘security’ is ...