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Did anyone mention ETFs as a long term set and forget investment...

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    Did anyone mention ETFs as a long term set and forget investment vehicle? They seem ok but as I understand it the funds can fold in a crisis...otherwise lower volatility and readily tradeable like equities. Many types...commodities include oil/ gold ... not my thing but read they're pretty good for this type of investing.
    Here's a starting point for anyone interested:

    http://www.asx.com.au/products/etf-and-other-etp.htm
 
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