ETF over Mutual Funds - Seriously?

[Larry Alexander]

Before I test the waters with my 30K, I want to be sure I drop it in the right bucket. I was all hot to invest in mutual funds after listening to Dave Ramsey's podcast on YouTube. Today I read a long dissertation on how dumb Dave is and the idea of investing in mutual funds is. You have to be an idiot not to buy into ETFs.

I'm 67 and am looking to park more than 30k - up to 250k by next year and want some kind of cash flow.

Thoughts?

[Adam Hamilton]

What is your risk tolerance and how long is your time horizon?  James Mc Ree above is correct about the differences between ETFs and mutual funds.  But remember that neither option is risk free, and no one knows exactly what the market is going to do.  So if you will needs those funds again within a year or two and are unwilling to risk a market drop, you may want to consider a less lucrative but less risky money market savings account.