# The ETF: Trade It Like a Stock, Hold It Like an Index Fund

Page: https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211/the-etf-trade-it-like-a-stock-hold-it-like-an-index-fund
Text version: https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211/the-etf-trade-it-like-a-stock-hold-it-like-an-index-fund.md
Podcast: [Money Lessons with Andrew Temte, PhD, CFA](https://stenobird.com/podcast/money-lessons-with-andrew-temte-phd-cfa-6946211)
Published: 2026-07-03T16:06:01+00:00
Episode link: https://saturdaymorningmuse.podbean.com/e/the-etf-trade-it-like-a-stock-hold-it-like-an-index-fund-1783094761/
Audio file: https://mcdn.podbean.com/mf/web/ppkdv7jg8by36ad2/ML_73266jwnh.mp3
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JSON: https://stenobird.com/v1/public/podcasts/money-lessons-with-andrew-temte-phd-cfa-6946211/episodes/the-etf-trade-it-like-a-stock-hold-it-like-an-index-fund
Duration seconds: 726

## Resource

In this episode of Money Lessons, Andy explains the exchange-traded fund — the ETF — the vehicle most people now use to own a whole index in a single trade. He traces it back to the first one, State Street's SPDR, launched in 1993 to track the S&P 500, and shows how an ETF differs from the index mutual fund Jack Bogle created in 1976: one trades all day on an exchange like a stock, the other prices just once, after the close. Andy pulls back the curtain on the creation-and-redemption process — the quiet arrangement with large firms that does the real index buying and keeps an ETF's price tied to the value of the stocks it holds. The takeaway: an ETF lets you trade like a stock, but the soundest way to own one is to hold it like a long-term investor. AndrewTemte.com

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