The High Cost of Mutual Fund Fees
$321,000 lost to fees
$1000 invested in the stock market 50 years ago would be worth $514,000 today. However with fees of 2.2% the investor would only be left with $193,000 today. $321,000 would have been lost to fees.
Speaking in Toronto on December 4, 2000, John C. Bogle, founder of the Vanguard Group, presented, in great detail, data to prove that "mutual fund investing is an expensive home to long-term investors." One thousand dollars invested 50 years ago in the S&P 500 would have grown …