Hello. Thank you for your very helpful answers. One question that comes to mind though is why you advise getting out of mutual funds. Are ETFs always a better option than mutual funds. For equity investing that's probably true, but what about for income-oriented investors who want steady monthly returns from investment grade corporate and high yield bonds? I appreciate that there are bond ETFs but isn't active management when it comes to bonds sometimes worth it?
Hello. Thank you for your very helpful answers. One question that comes to mind though is why you advise getting out of mutual funds. Are ETFs always a better option than mutual funds. For equity investing that's probably true, but what about for income-oriented investors who want steady monthly returns from investment grade corporate and high yield bonds? I appreciate that there are bond ETFs but isn't active management when it comes to bonds sometimes worth it?
Thanks!