Great piece on ETF's by Vanguard!

I am of the mind that going with Exchange traded funds may be the best alternative for most people.
Low commissions , liquidity and effectiveness!
A piece on ETF's from the Vanguard website.
Image result for ETF's
What is an ETF?
The simplest definition of an exchange-traded fund, or ETF, is that it's an investment that's built like a mutual fund but trades like an individual stock.
The most common ETFs are designed to track the performance of a market benchmark, or "index."
Enjoy the same built-in benefits of mutual funds

Diversification
One fund can hold potentially hundreds—sometimes thousands—of individual stocks and bonds, which helps spread out risk.
Professional management
You don't have to keep track of every single investment your ETF owns. The fund is managed by fund experts who take care of that for you.
Get more control with ETFs—at lower costs
While ETFs are in many ways the same as mutual funds, there are some features that make them unique.
Trading flexibility
ETFs offer you the same intraday pricing you get when trading stocks and bonds through a broker on a major stock exchange.
Lower cost
Funds that track an index, like ETFs and index mutual funds, generally offer lower expense ratios than conventional mutual funds.
Tax savings
Like index mutual funds, ETFs are typically more tax-efficient, which could translate into tax savings for you.

Lower minimums

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