re: Sold a car...have about 20k to invest...but where?

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What is the difference between a Vanguard ETF and a Vanguard Fund? I currently have funds, am I doing it wrong?

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At first it was the expense ratios (the ETFs were slightly higher at first, but have come down as more investors poured in) and the "liquidity" thereof.

Now its basically how liquid they are. I can sell an ETF at any point in the day, and not just at the end of business day like the funds. This can harm a buy and hold investor who doesn't have discipline however.

Now, the above applies to Vanguard index ETFs versus Vanguard Index Funds.

ETFs enjoy tax advantages over regular mutual funds because you don't realize capital gains as often.

Within the Vanguard index family I'd say there isn't much difference at all, but compared to other company funds you'd see the difference.

ETA: Forgot. The Vanguard ETFs don't have those minimum investments the funds do. If I have $50 bucks, I can buy VWO. I'd have to get $3,000 to buy into VEIEX which appears to be its fund equivalent.