A Lame Defense of Active Management

Kick Images An advertisement from Fidelity that appeared in the Jan. 26 issue of The New Yorker caught my attention. It stated: "Since its inception in 1989, the Fidelity Low-Priced Stock Fund (FLPSX), manage...

High Fund Costs Can Devour Your Returns

A reader asks this question: "I stumbled across some information on Vanguard's Web site about what they call the 'Investing Truths.' One of them is about costs and shows that a 1.2% expense ratio would eat up 4...