S:1 E:3
Mutual Funds and ETFs, Pros and Cons and ETF Flexibility
Mutual Funds and ETFS or Exchange Traded Funds are Pooled investment vehicles. Thousands, perhaps a lot more individual and institutional investors pool in smaller amounts of money which is managed by a Fund manager. The Fund manager actively manages both types, saving investors the effort of research and stock picking. Both types have pros and Cons, but are a good choice for a first investment