By Doug Carey
The era of high-cost, high-turnover mutual funds is slowly coming to a close. This cannot happen soon enough for investors who have seen much of their savings eaten up by mutual fund expenses, trading commissions, and taxes due to high turnover. It has been shown time and time again in research studies that low-cost index funds on average always outperform actively managed, high-cost funds. With so many choices out there today and the ease of trading platforms, there really is no excuse for paying the high fees associated with many actively managed funds.