I am a long term all Vanguard 5 Admiral Fund investor, I am superficially familiar but need an in depth understanding about ETFs,
What I know about ETFs vs Mutual Funds -
1) Admiral Fund expense ratios have the same expense ratios of ETFs.
2) An ETF can be traded at the middle of the day price (Like a individual Stock) where as a Mutual Fund is priced at the end of the trading day, hence ETFs are generally better suited for active traders.
3)ETFs are relatively newer investment vehicles although introduced years back, when compared to Mutual Funds. I am from pre ETF era
The main reason I am looking into ETFs at this time is -
1) I suspect the ETFs MAY have a lower expense ratio than my Vanguard admiral funds & I do not want to leave anything on the table due to my ignorance.
I believe the admiral funds could be converted to ETFs without any tax repercussions (But not the other way around)
2) I am researching the Schwab Intelligent Income for a portion of my savings for monthly withdrawals starting next year where they use Robo Advisor management with ETFs & give access to a CFP for a relatively small cost.
3) I realize other investment companies in many ways have more than reduced the gap with Vanguard, although I realize the ease & simplicity of having all savings at one place with me not getting any younger .
4) If I do make a change I want to go in knowing all the in & outs about ETFs. It is an important decision for me to change as I usually can manage my good old Vanguard account half asleep.
What I know about ETFs vs Mutual Funds -
1) Admiral Fund expense ratios have the same expense ratios of ETFs.
2) An ETF can be traded at the middle of the day price (Like a individual Stock) where as a Mutual Fund is priced at the end of the trading day, hence ETFs are generally better suited for active traders.
3)ETFs are relatively newer investment vehicles although introduced years back, when compared to Mutual Funds. I am from pre ETF era
The main reason I am looking into ETFs at this time is -
1) I suspect the ETFs MAY have a lower expense ratio than my Vanguard admiral funds & I do not want to leave anything on the table due to my ignorance.
I believe the admiral funds could be converted to ETFs without any tax repercussions (But not the other way around)
2) I am researching the Schwab Intelligent Income for a portion of my savings for monthly withdrawals starting next year where they use Robo Advisor management with ETFs & give access to a CFP for a relatively small cost.
3) I realize other investment companies in many ways have more than reduced the gap with Vanguard, although I realize the ease & simplicity of having all savings at one place with me not getting any younger .
4) If I do make a change I want to go in knowing all the in & outs about ETFs. It is an important decision for me to change as I usually can manage my good old Vanguard account half asleep.