This episode is sponsored by SmartVester. Connect with an investing pro for free at Ramsey Solutions.

Com slash invest.

You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth, and outrageous generosity. Deborah is with us in Los Angeles.

Hi Deborah, welcome to the Ramsey Show.

Hi, thanks so much.

I've been listening to you guys for years and appreciate all you do.

Well, thank you.

I have... You're very welcome. I have a question for you I've been living for a long time and yesterday I went in to

to adjust my own investments because I am we've been focused on other things I wanted to get

everything set up in the four different types of mutual funds you mentioned and the guy

who is not a not a Ramsey and certified financial pro, but he mentioned a term that I'd never heard before

when I brought up mutual funds he asked me if I'd considered ETS.

And I have no idea or I hadn't heard what that was.

He explained it to me and it sounds very similar to a mutual fund.

So I was just wondering if you could clarify what the difference is

and why a mutual fund is better than an E.T.

I don't know that a mutual fund is better than an E.T. F.

just means exchange-traded fund and for purposes you would use it for, they're very, very similar.

They're almost identical.

It's a group of stocks if you're buying an exchange.

You know, typically what people will do for an E.T.F is something like an index fund, like know, typically what people will do for an EDF is something like an

index fund, like an S&P 500.

...