>https://personal.vanguard.com/us/funds/snapshot?FundId=1758&FundIntExt=INT#tab=3
This fund has a purchase and redemption fee of .25%. Or I could just purchase an ETF of the same fund. Using Robinhood, I can do that for no cost.
The expense ratio of the ETF is identical to that if I purchase admiral shares in the index fund.
Why would anyone purchase the index fund, when you can just purchase the ETF instead, pay the same expense ratio, and avoid the load/redemption fee?
I wish I knew what the fuck you were saying.
How ETFs and mutual funds are different
ETFs
MUTUAL FUNDS
Buying & selling
ETFs
You can only buy and sell ETFs through a brokerage account.
Expand your portfolio with a Vanguard Brokerage Account
MUTUAL FUNDS
You can buy and sell mutual funds through your Vanguard mutual fund account.
Trading & pricing
ETFs
You can trade ETFs on the major stock exchanges anytime during the trading day. Their prices will fluctuate throughout the day just like stocks.
MUTUAL FUNDS
Mutual fund shares are priced once a day after the markets close.
Transaction costs
ETFs
You won't pay any commissions to trade Vanguard ETFs in a Vanguard Brokerage Account.*
There's an unavoidable cost when trading individual stocks, bonds, and ETFs known as the bid-ask spread.
MUTUAL FUNDS
In most circumstances, there are no transaction costs when you buy and sell your mutual fund shares at Vanguard.**
Automatic investing
ETFs
There's no automatic investment option for ETFs.
MUTUAL FUNDS
Invest your savings on a regular schedule by moving money directly from your bank account into your Vanguard accounts or set up automatic transfers from one Vanguard fund to another.
Put your savings on autopilot
Minimum investment
ETFs
You can buy an ETF for the cost of a single share, which can vary throughout the trading day.
See a complete list of Vanguard ETFs
MUTUAL FUNDS
You can invest in a Vanguard mutual fund with as little as $1,000.†
See a complete list of Vanguard mutual funds
