This is Pat Haggerty with Larchmont Wealth. A question I’m asked all the time: should I invest in low-cost index funds, should I be indexing? And the answer I use is, just like buying generic ingredients at the grocery store sometimes, like with salt, is the perfect way to save money and you’ll never know the difference. With other items like cereal, you’ll definitely know the difference so maybe it’s not worth it. With mutual funds it’s the same thing. For certain times, for certain uses, it’s a perfect way to save on fees, in other cases not so much.
