An advocate of actively managed mutual funds invested in two exchange traded funds (ETFs) and now lives to talk about the experience.

Remember, this is a skeptic’s point-of-view, reported by Murray Coleman on Seeking Alpha. In a nutshell, his complaints are that there are too many traders, too many ETFs and they’re too new. An ETF is a creative innovation intended for giving individual traders an advantage, however, if insiders like John Bogle or William Bernstein remain weary, why shouldn’t this investor remain so?

Going into what is not familiar and unknown is a hard thing to do, but it is the way that you can learn and benefit. If nothing else, by investing in these ETFs and taking the time to become educated about them, he will become a better investor. As one of his mentors put it: "There’s more than one path leading to Dublin."

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.