As young people embark on a lifetime of saving and investing, they need to understand the role of ETFs in the investment landscape. If we want to serve our clients’ children, we must be comfortable teaching the basics of investing.
I had the opportunity over the summer to hire 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.
Here, I share her questions and my answers to help you understand what young investors need to know about ETFs.