I'm specifically wondering about the difference between Vanguard's VTI (ETF) and VTSMX/VTSAX (mutual fund). My understanding is that these are the same index, but there are differences in how they are traded.
I have read that ETF's are traded like individual stocks. Does this mean you can only buy whole numbers of shares? The ETF also has a lower expense ratio (but the same as VTSAX admiral shares). What is the purpose of having this distinction between the ETF version and the mutual fund version of the same index? What accounts for the difference in expense ratio?
If I am planning to invest >$10,000, does it make the most sense to go with the mutual fund (admiral shares) for the simplicity and lower expense ratio?
Submitted April 25, 2018 at 10:04AM by L_gecko https://ift.tt/2FfIEI7
