Most people engage in motivated reason Correct. Which is why I pointed out that when you bet with the advice of Robert Barnes you are investing. not gambling
ETFs can have a tax advantage vs mutual fund in a taxable account (not 401k/ira/roth). There are provisions that enable ETF managers to swap out securities for others without selling them and recognizing capital gains. ETF versus Mutual Fund Taxes - Fidelity I never fully understood why until I heard this podcast episode about a week ago. Bogleheads On Investing Podcast: Episode 70: Dr. Wes Gray discusses the unique tax benefits of ETFs and other topics of interest, host Rick Ferri on Apple Podcasts