I've read a number of blogs and I understand that with ETFs, its stock can be purchased at any point during the day as opposed to the end of day with mutual funds.
What I don't understand is how this affects me as a customer of abrokerage. Therefore please consider a hypothetical situation. Vanguard has an S&P 500 Mutual Fund (VFIAX) and a corresponding ETF (VOO).
If I look at a comparison between the two (under Price & Performance tab, there is a tool to compare funds) -- the returns are nearly identical. For $10k invested in each a year ago, I would end up with $10,947 and $10,945 respectively.
So what exactly are practical differences between these 2 funds. Are there tax implications that I am not taking into an account? Am I missing something simple?
Submitted April 22, 2019 at 02:31AM by SophieTheCat http://bit.ly/2KWslba
