ETF or mutual fund? This is one of the most common questions when starting to invest. ETFs and traditional mutual funds are very similar. Both are collective investment vehicles, allow you to diversify with a small amount of money, and many track the same index. However, the tax authorities don't treat them the same. This tax difference can cost investors a lot of money in the long run. The big difference: the transfer of investment funds The main advantage of traditional funds is the tax deferral regime for transfers under Article 94 of the Personal Income Tax Law. Investors can move their money from one fund to another without paying tax on the accumulated gain. They only pay tax when they make a final withdrawal. Thus, for decades, the surplus value continues to work in full instead of [...]