Advisor Jerry Slusiewicz likes to tell clients that ETFs are the new mutual funds: With a nod to the 1970s TV show The Six Million Dollar Man, he adds that they are “built better, stronger, faster.”
ETF trades are easier because clients don’t get hit with unforeseen mutual fund redemption costs, adds Slusiewicz, principal of Pacific Financial Planners in Laguna Niguel, Calif.
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