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There is welcome news from investment firms like Vanguard and Fidelity: thousands of Exchange Traded Funds (ETFs) are commission free.

Think of an ETF as a form of index fund. An ETF’s goal is to provide a return similar to the broader market at a minimal cost. ETFs trade commission-free. ETFs are still subject to management fees and expenses.

Stick with ETFs designed to match market benchmarks and have a track record of performance. Invest in funds with lower management fees and expenses.