Mutual funds vs. ETFs: What you need to know to decide what investment works for you

The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system.The investment decision between the two boils down to your financial goals, risk tolerance, and time horizon, said Tony Salgado, president and founder of AMS Wealth.“The real question becomes: What is the financial planning objective?” he said.ETFs generally carry lower costs and are easier to trade