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Shocking Retirement Numbers

By freak80 follow freak80   2012 Jul 24, 12:57am 888 views   0 comments   watch   nsfw   quote   share    


From the Motley Fool.

http://www.fool.com/investing/general/2012/07/23/the-shocking-retirement-numbers-that-will-blow-yo.aspx?source=ihpsitth0000001

"The problem is that a group of Wall Street "pros" have been getting rich off folks like my parents for years, and not enough people realize it. You see, the 1% charged every year is what the mutual fund's managers charge for their "expertise" in picking winning stocks and sectors.
These days, anyone could just as easily invest in the Vanguard S&P 500 ETF (NYSE: VOO ) to get the same returns. The difference is that at Vanguard, stocks are simply bought to mimic the composition of the S&P 500; there's no professional stock-picker trading in and out of stocks on a daily basis. The expense ratio for this fund is just 0.05%--far below my parents' mutual fund."

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