As pointed out by many, ETFs offer the ability to trade at intraday prices (with that comes premium and discount pricing). But the issue is really whether you are looking for active management or index investing. There isn't much difference between ETF and mutual fund if you are doing index investing. If you want active management then the trick is to pick the best manager or management team. Most do not beat the indexes but there are some that do so consistently until the management changes. Takes research to sort that out. If you have a sense that a particular segment of the market is going to outperform over the next several years but don't feel confident to bet on only one company, then maybe put some into a well-managed ETF or mutual fund that covers that segment. Decide how much cash you want to keep on hand and liquid and leave that in the MM. Dollar cost average the rest into an ETF or mutual fund as discussed above. Keep it diversified and balanced and you will sleep well at night regardless of your age.
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