Answer

Exchange Traded Funds (ETF's) offered on the American Stock Exchange are all index funds and the expense ratio is probably lower than a Mutual Fund index fund. These funds are well worth the cost, especially if purchased on a dollar cost basis through some company like Sharebuilder. I have, in the last few months, switched to purchasing ETF's this way and am a little less worried now. What do you thing about ETF's as opposed to Mutual Fund indexing?

ETFs work best for large infrequent sums of money because of the brokerage commissions. Mutual funds are best for regular deposits via dollar-cost averaging. Both ETFs and some index mutual funds (e.g., Vanguard) have very low expenses.