New York Times article written by: Tara Seigal Bernard, “Fund Expenses More Important than Five-Star Status”.
Educated investors know that past investment returns are not necessarily the best predictors of future results. It’s mutual fund and other expenses that really matter.
Morningstar, in an act of radical and admirable transparency, recently put that assertion to the test and found that expenses actually helped investors make better decisions than its own vaunted star-rating system. Read more…