ETF’s are my number one choice for investing.
I gave up an mutual funds due to the lack of transparency, 100% stock all the time and lake of liquidity(no daily market).
There is only one thing worse than a Mutual fund..and that is one you pay and up front fee to get into.
I’m 70 and my bride will be 69 in a few months.
We are a little too old to ride out recessions, so a very large percent of our IRA’s is in CD’s and a couple of Corporate Notes.
When we are in a boom, people fail to recognize what you point out and I have about their mutual funds.
Even in down times like now, they fail to really look at how their mutual funds have done.
We just got a 2008 summary of Fido Mutual funds, with the exception of a few bond funds, they all had heavy losses last year.
My wife’s 401 K was/is with John Hancock and their choices had terrible results. We got her out of those funds in July/Aug 2007 and rolled them into their money fund. That fund charges a very high expense rate and had minimal return. We rolled about 98% of that K into her Fido IRA this Novemberf and invested it in CDs and the ETF’s I mentioned in my earlier reply.