With about 200 different exchange-traded funds on the market today, their popularity hardly ranks as breaking news. But in what would stand as the most recent in a growing spate criticism against ETFs, The Chicago Tribune suggests that they're not for everyone and that old-fashioned index funds, which arguably occupy the opposite end of the investing spectrum, are the better bet.

Sure, ETFs have their advantages. For one, they can be traded throughout the day without penalty, much like a stock. But with ETFs, The Tribune observes, it's all about being in the right place at the right time, which is why these funds are very risky and most prudent investment professionals avoid them.

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