The 2012 "Forbes' Billionaires List" generates a lot of coverage on how the most wealthy make and spend their money. Overlooked is how regular investors can cash in on these billionaires' success.
Boston College’s Center for Retirement Research Center has a study out this month about the cost of 401(k) plans, and they have found another flaw in the nation’s defacto retirement savings system: It is overpriced. So not only do 401(k) plans not meet the needs of the average American, they aren’t cost effective either. I [...]
Phil Coggan of The Economist tells of a survey by Lipper (I can’t find it online) on mutual fund fees: The average total expense ratios of US mutual funds are 1.32%, for German funds 1.57% and for UK funds 1.66%. Weight the ratios by asset size (to reflect where the bulk of investor money is [...]
