Quote:
Originally Posted by jimjamuser
As I understand it, mutual funds have a large "loading" like administrative costs. That's why I prefer an ETF.
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Vanguard mutual funds and ETFs are both extremely inexpensive, not large loading. I prefer the mutual funds to the ETFs because of the tax efficiency that they offer. Most people who buy mutual funds are "buy and hold" investors, so they are not trading on a daily basis, like ETF investors. This provides a more predictable investment environment that stabilizes the tax liability.