Slicing Fees

Vanguard slashes fees again, pushing its average expense ratio down to six basis points. Don and Tom contrast that with outrageously expensive ETFs charging 2% to 14% annually, walk through why evidence-based factor funds cost a bit more than pure index funds, answer listener questions about international tilts and fund-of-funds rebalancing, and clarify why diversification across assets still matters more than fee-chasing alone.

0:04 Vanguard cuts fees again — average expense ratio now 0.06%

3:43 What expense ratios really are (and how many investors unknowingly overpay)

5:00 The shockers: ETFs charging 2% to 14% annually

11:13 Comparing Vanguard index costs vs. Av...