Basically, there is no much difference btw index fund and ETF if you are a long term investor no matter which broker to use.
ETF is trading like a stock. http://finance.yahoo.com/etf/education
- fees, e.g. is it NTF (no-transaction-fee) funds?- cut off time to buy or sell;- short term redemption fee;and so on...
Are you with me so far?
As far as difference btw fund and ETF, the PRICE. What does that mean? Let’s watch this video.
http://www.marketwatch.com/video/asset/mutual-funds-protected-during-flash-crash-2010-05-16/700C76C9-97E7-49F5-A970-DDB0C67F90F4