What are the differences between an Exchange Traded Fund (ETF) and a Mutual Fund? Exchange Traded Funds (ETF) and Mutual Funds (MFs) are both investment vehicles that pool money from individual investors and invest it in a variety of assets, such as stocks, bonds, and other securities. However, there are several differences between these two […]
‘The Importance of Being Long-term’: Vanguard’s William McNabb on What’s Ahead for Investors William McNabb became chief executive officer of The Vanguard Group on August 31, 2008 — two weeks before the financial world went into free fall. On the evening of Sunday, September 14, the day Lehman Bros. declared bankruptcy, he was in Washington, […]