A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Friday, June 03, 2005

John Bogle on Costs

I found this post over on the Catallarcy blog discussing John Bogle's "Costs Matter Hypothesis" vs. the "Efficient Markets Hypothesis." It is an interesting read.

Costs matter no matter what. The financial advisor who tells you that costs don't matter is not acting in your best interest. The old saying "you get what you pay for," simply doesn't work in the mutual fund industry. In most cases, the more you pay the less you get.

That's my two cents.

Tags: ,