John Bogle, the founder of index fund giant Vanguard, says mutual funds are like losing 40% of your retirement money. He was on a radio show and said that if you invested in them for life, they would have taken about 70%. That's just from 2% a year. John: "The miracle of compounding overwhelmed by the tyranny of compounding long-term cost"
You have different options when it comes to investing. Phil discusses the realities of mutual funds, hedge funds and indexes. For show notes and more information visit www.ruleonepodcast.com
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