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URL:  http://boards.fool.com/drip-is-right-go-with-low-cost-index-funds-and-29231780.aspx

Subject:  Re: New to Investing at 58 Date:  4/11/2011  2:29 PM
Author:  w2j2 Number:  68865 of 76079

Drip is right.
Go with low cost / index funds, and do not jump in all at once.
Use dollar cost averaging, and put your money in gradually over a 2 year time frame.

Most investors lose a lot of money by paying 1.5% to 6% on management fees.
There are mutual fund management fees, buy-in fees, sales fees, 12 b-1 fees etc. that will all eat away your savings & earnings.
The worst fees are "Wrap Fees" by Merrill Lynch, et al.

If you are to choose 1 Mutual fund house, go with Vanguard (John Bogle's legacy).
imho
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