Re: Questions From Newbies Like Me
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Originally Posted by
XL-entLady
I see that Vanguard's VIPERS have a seriously smaller expense ratio than, for example, iShares. So that's good, but there's got to be a down side. What is it?
TIA to anyone who can give me some insight!
Lady
Okay, further research leads me to believe that Vanguard's ETFs are a shareclass of their open-end funds rather than stand-alones, and so may not be as tax efficient (according to The ETF Book, by Richard Ferri). So apparently Vanguard ETFs are a good thing in a Roth IRA but may not be a good thing in a traditional taxed account.
Maybe ..... ?![Confused](images/smilies/confused.png)
Lady
If you think education is expensive, try ignorance. - Derek Bok