Posted by on Oct 1, 2019 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum



By Jason Zweig  |   Sept. 27, 2019 10:59 am ET


Index funds cost next to nothing. That’s still too much.

So says a class-action lawsuit filed this month against H-E-B LP, which alleges that the San Antonio-based company has been overpaying for index funds in its employees’ retirement plan. Annual expenses on some of those market-matching funds run between 0.11% and 0.14%—but should instead be as low as 0.015%, the lawsuit argues.

It’s starting to look as if any fee you don’t need a microscope to see may be too big to last. The suit against H-E-B is among the newest of several recent cases to contend that merely cheap isn’t good enough for retirement investors. And it’s the latest sign that the cost of investment management is on its way to zero.


To read the rest of the column:

For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig, The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:

Fees on Mutual Funds and ETFs Tumble Toward Zero

The Long, Sordid History of High Fees for Low Returns

Why Do Mutual Funds Cost So Much?