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ETFs vs mutual funds

I've been a proponent of stock index mutual funds for a long time. They're cheap, tax-efficient and convenient. But how do they compare with exchange-traded funds (ETFs)? As you probably know, ETFs trade like stocks but act like mutual funds. Huh? One can buy an ETF in a brokerage account and trade it like a stock all day long. Mutual funds price at the end of the day and are more cumbersome as a trading instrument. Which is better? It depends on what you want to do -- trade or invest. Here's more: Funds

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