yakers
Thinks s/he gets paid by the post
I assume that the FIRE and money board is better for this question that the stock picking board.
Where do I go to learn more about ETFs? So far I have been strongly in favor of index funds (my main 401k type account is a target retirement fund) and some other low expense mutual funds like VG Wellesley and DRIP stocks which have really low fees. In the accumulation phase this has worked well as I made small monthly contributions, which is all I had. But I expect to retire in about 6 months (188 days, but who’s counting?) and I am wondering if ETFs are not a better thing to buy now than my DRIP funds and even maybe reduce some mutual funds in favor of ETFs. If I held 5 or 10 of these I could sell, in say five years, the top performing one each year to spend in retirement. Does this look like a good use of ETFs?
Any ETF knowledgeable people on the board who can provide a good way to evaluate ETFs? Is the ER the key? Or how many stocks they hold? Or only ones that follow an index? I would tend to trust Vanguard more than most but it looks like they may not be the best source of ETFs.
Where do I go to learn more about ETFs? So far I have been strongly in favor of index funds (my main 401k type account is a target retirement fund) and some other low expense mutual funds like VG Wellesley and DRIP stocks which have really low fees. In the accumulation phase this has worked well as I made small monthly contributions, which is all I had. But I expect to retire in about 6 months (188 days, but who’s counting?) and I am wondering if ETFs are not a better thing to buy now than my DRIP funds and even maybe reduce some mutual funds in favor of ETFs. If I held 5 or 10 of these I could sell, in say five years, the top performing one each year to spend in retirement. Does this look like a good use of ETFs?
Any ETF knowledgeable people on the board who can provide a good way to evaluate ETFs? Is the ER the key? Or how many stocks they hold? Or only ones that follow an index? I would tend to trust Vanguard more than most but it looks like they may not be the best source of ETFs.