Archive for October, 2007

24th October
written by simplelight

I have long held that one of the pillars of long term investing success is not lining the pockets of mutual fund managers. Matthew Hougan recommends an extremely simple, low cost portfolio with a blended expense ratio of 0.148%.  This would represent an excellent start for any beginner investor. I haven’t calculated the blended expense ratio of my recommended portfolio but it is probably close to 15bp and slightly more complex.