From: "Elle" 
Newsgroups: misc.invest.financial-plan
Subject: Re: Investing advice
Date: Tue, 3 Apr 2007 16:45:50 -0500
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"Rich Carreiro"  wrote
> "Elle"  writes:
>
>> helping consumers circumvent some of that nasty
>> nickel-and-diming (so it seems) of Vanguard's mutual fund
>> policies.
>
> That's an unfair characterization, given that Vanguard's 
> low-balance
> fees get paid back into the fund itself, not to the 
> management
> company.

Given that companies like Fidelity are more generous with 
low balances, I think the statement as a whole is reasonable 
as a "heads up" to folks.

But nor does this reality keep me from recommending Vanguard 
in general to others (if that's what concerns you). Its fund 
expense ratios remain among the best, if not thee best, in 
the business. Its still "index fund city," and I urge 
newbies to buy index funds.