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tonys (基因决定人生) 于 (Tue Jul 10 11:08:39 2007) 提到:
打算开taxable account，投资vanguard index fund or ETF
来来回回论证了好几天，把结果分析一些
ETF 优点：
1. low ER and avoid some fee(VFWIX 0.25%， VEIEX 0.5%，I know it is not load
)
2. 现在zero commission到处都是，discount broker大约$5/trade
3. buy and sell any time (缺点)
ETF 缺点：
1. 小额投资没法dollar cost average
2. bid ask spread，commission cost
3. someone have problem reinvest dividend
4. zero commission可能随时消失
（研究了zecco的bussiniss model，感觉不能长久，现在的
