Does anyone invest in mutual funds? If so, what are the pros and cons? If not, what's holding you back?
Just started with VTSAX for now. Pros: diversification, automatic investing Cons: Returns might be less than stock trading
Pros: automatic investment, dividend reinvesting without incurring tax Cons: higher expense ratio than ETF (though by not very much), price data is not real time and always uses closing price of the day for buy/sell, minimum initial investment requirement, and restrictions on buy/sell (vs. with ETF you can trade it just like stocks) Conclusion, mutual fund is great for investing long term.
SPY and VOO.
Prefer index funds
Index funds can be mutual funds π€¦ββοΈ
Yeah but typically one you've got to pay some to manage