Just got a vanguard account set up. Planning to set up a lazy portfolio. Could someone help me understand ETF vs mutual fund?

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Hi. If you plan to invest long term, keep your money for several years, and not sell, ETF is the way to go. More tax efficient , low expense ratios, no management fees if you buy vanguard ETFs

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not an expert, but ETFs operate more like stocks, meaning they can be bought and sold instantly during trading hours and are therefore more liquid. Generally lower expenses than mutual funds, but you’re already at vanguard so both are already extremely low. Mutual funds more often allow for recurring automatic investments, so that’s the common option in retirement accts. Works for a buy and hold (lazy) portfolio

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You cannot automatically buy specific ETFs at a set frequency (biweekly or monthly), you have to do it manually. Whereas for index funds, you can auto invest a certain amount in funds of your choice at a defined frequency. Also, Index funds allow you to buy partial shares, whereas ETFs so not. Helps to invest a fixed amount everytime e.g. $1000, instead of figuring out how many "full" shares of ETF can you buy for an amount close to $1000.

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Second SC2, I’d recommend you just purchase which ever ETF/Fund has the lowest expense ratio you’re looking at, e.g. S&P500 ETF vs S&P500 Admiral Fund. Keep in mind some funds with the best ratios have a minimum amount

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