The conversation between human and AI assistant.
I have $200, how can I correctly invest this to make more money?
Can you explain more about index funds and ETFs?
Index funds and ETFs are similar in that they both offer a diversified portfolio of stocks or bonds. However, index funds are usually mutual funds that track a specific index, such as the S&P 500. ETFs, on the other hand, can be traded like stocks and track an index as well. Both options are great for a long-term investment strategy.