Here’s a true conversation I had with my dental hygienist, meandering through our usual banter about life, money and investing. This is the less garbled version.
“Are you using ETFs?” I ask.
“No, she answered, I only use funds. My husband just bought us a cool one but I think it’s a bit different than what we usually buy. It had a three letter symbol and my husband bought it in our brokerage account.”
“That’s an ETF” I reply.
“No, she says, it is a fund.”