I have been reading about the differences between index funds and ETF's.
It appears ETF's have great appeal because they can be traded any time of day like individual stocks. No waiting for the one time close of day selling.
(I do like that) But I understand there is a little spread sometimes between the bid and asking on them, but they say it is not great and is often corrected.
The positive for index funds seems to be you can set up automatic deposits for them, so they would be popular for many people for their 401K's and such. But since I'm retired and this would not apply to me as I am not working and in the accumulation phase, I don't see any other benefit, unless I haven't read about it.
What all do you know about the differences, and why did you go the way you did go?
It appears ETF's have great appeal because they can be traded any time of day like individual stocks. No waiting for the one time close of day selling.
(I do like that) But I understand there is a little spread sometimes between the bid and asking on them, but they say it is not great and is often corrected.
The positive for index funds seems to be you can set up automatic deposits for them, so they would be popular for many people for their 401K's and such. But since I'm retired and this would not apply to me as I am not working and in the accumulation phase, I don't see any other benefit, unless I haven't read about it.
What all do you know about the differences, and why did you go the way you did go?