By Marc Lichtenfeld Last week, I sat down for an interview that will be aired on PBS. One of the questions I was asked was about the tools that are available for investors today compared with those that existed years ago.
In addition to all of the online retirement calculators, independent research and real-time quotes, a big development for individual investors has been the increased abundance of exchange-traded funds (ETFs).
A traditional mutual fund is priced at the end of the day according to its net asset value. An ETF is a fund, but it trades like a stock.
Most ETFs are passive, meaning there is …read more
