As young people embark on a lifetime of saving and investing, they need to understand the role of ETFs in the investment landscape. I had the opportunity over the summer to employ Meghan McCarthy, a third-year finance student at Bishop’s University, as an intern. She told me she was curious about ETFs and didn’t really understand how they differed from mutual funds.

I thought it would be a great opportunity to interview Meghan on my podcast and have her ask me her questions about ETFs and investing.

• What is the difference between an ETF and mutual funds? [02:25]
• If mutual funds don’t outperform, why not use ETFs instead? [08:00]
• Is it possible for a mutual fund to compare itself to an index or does that make it an ETF? [09:55]
• Why would you suggest for someone to use an advisor to build an ETF portfolio if it is already a managed fund?” [13:36]

Thank you for listening

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