Differences between ETFs and Mutual Funds for the average investor

By Mike Switzer

Published September 10, 2024 at 6:30 AM EDT

William Jeter, chartered financial analyst and investment advisor with Abacus Planning Group in Columbia, S.C.

Many years ago, if the average investor wanted to put money into a managed basket of stocks or bonds, about their only choice was a mutual fund. But now, they also have what are called exchange-traded funds, commonly referred to as ETFs. When should you consider investing in one over the other? Mike Switzer interviews William Jeter, a chartered financial analyst and an investment advisor with Abacus Planning Group in Columbia, S.C.

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Mike Switzer

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.

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