Monday, August 18, 2008

$300 Billion -- And For What?

"The shortest route to top quartile performance is to be in the bottom quartile of expenses." - John Bogle

According to The Boglehead's Guide to Investing, investors pay approximately $300 billion in fees and costs each year. That's approximately $1,000 on average for every person in the United States.

Here's a link to an exposition on the idea that, over the long-run, low investment costs matter significantly:

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