ETF trading: It’s ‘no way to invest’, says Bogle

Ask anyone what the primary difference between an ETF (exchange traded fund) and a mutual fund is and chances are you’ll hear something along the lines of they’re just like regular funds except they trade on an exchange and you can buy and sell them anytime, just like a stock. Sure their costs are low and ETFs offer an array of strategies and styles from which to choose, but the feature that truly sets them apart – and seems to draw the most investors in – is right in the name; they are tradeable. But for all that popularity and allure, not to mention the disproportionate share of new money that’s being invested into ETFs, Wall Street legend John Bogle, founder of The Vanguard Group, says the temptation to trade is their ultimate short-coming.
http://finance.yahoo.com/blogs/breakout/etf-trading-no-way-invest-says-bogle-140924616.html

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