The for-profit mutual fund industry has never been known for looking after their mutual fund investors’ best interests, but every once in a while a product so terrible (even by industy standards) you just have to sit up and notice.  Enter Morgan Stanley with an S&P 500 index fund so expensive it actually makes most [...]

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Earlier this month, Vanguard filed with the SEC to offer the Vanguard Global Stock Index Fund.  It will track the FTSE All-World Index, a market-cap-weighted index of large and mid-cap stocks all over the world.  It will be offered in both Investor and ETF share classes with expense ratios of 0.45% and 0.25%, respectively.
With approximately [...]

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For decades, the stock market was the exclusive stomping ground of the nation’s business elite.  Transaction costs at a full-service brokerage were enough to bankroll a family of five for a month, or so it seemed.
Even worse, financial information on publicly listed companies was spotty and difficult to obtain, at best.  Investors like Benjamin Graham [...]

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