Cheapskates, you’re doing it right. At least in investing.
NEW YORK (AP) — Stay cheap.
Research keeps piling up to show that one of the best predictors for the success of a mutual fund is if it has low fees. Whether the fund specializes in stocks, bonds or other investments, having low costs tends to lead to higher future returns.
The latest piece of support comes from Russ Kinnel, director of manager research at Morningstar. He recently looked at returns for several categories of funds through 2015, from foreign-stock to municipal-bond offerings.
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