ETFs for the Long Run: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing

Exchange-traded funds, or ETFs, are one of the hottest investment products on Wall Street right now. ETFs are primarily stock or bond index funds that trade like stocks on an exchange, hence the name. But unlike mutual funds, which can only be bought or sold at one price per day, the net asset value set after the 4 p.m. market close, ETFs trade all day long at fluctuating prices. This ability to catch the beginning of a market move, rather than just its conclusion, gives investors more flex...