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The Worst Investment Advice I Know

Sound Investing

CHAPTER

The Rise of Actively Managed Funds

Fidelity may have no operating expense, in which case you're in theory making the whole amount. But if you go to a vanguard or a black rock or those kinds of firms and you get an ETF that replicates the S&P 500, the expense ratio is three 100s of 1%. So it's pretty gone close to being free. One of the reasons I'm excited for young people is that compared to when I was young, they're giving money away.

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