The way I see it, this is the best thing to happen to mutual funds in 60 years. It is a complete (and overdue) modernization of a great concept. With the advent of active ETFs, the upgrade will be complete.
|--Lee Edgcomb, ETF Trends reader|
A friend of Tom’s lives and works in Silicon Valley. As he approaches 50, he is about to embark on another high-tech growth company. Over the years, he has been a successful engineer and has benefited from the growth of the companies he’s been involved in via their stock plans. At the same time, he has maxed out his 401(k) plan annually.
However, he seems to find comfort in keeping a handful of 401(k) accounts that have been legacies from past employers. “When ...