Dave is right about frequent trading but there is nothing about an ETF that
forces you to buy and sell. I own ETFs and they are a great way to access the
market and yes, like Dave, I am a buy and hold kind of guy. The advantages of
ETF are that they have lower fees than mutual funds and they are more tax
efficient than mutual funds. Also, if necessary, you can sell an ETF during
trading hours if you had to (i.e. if the market was crashing). You can't do
that with a mutual fund. You can only sell at the closing price for that day.
Dave really misses the mark on this one.