Low-expense index funds offer efficient investing options
Low-expense index funds reduce overhead including research and trading costs. Fidelity Puritan Fund FPURX shows 0.57% expense ratio with 229% turnover, Vanguard VBINX 0.24% max, Admiral shares 0.09% and 47% turnover. Over 15 years Puritan 5.86% annualized, Vanguard 5.4%. Vanguard owned by fund holders lowers costs. marketing and hype often fuel higher-cost managed funds.
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U.S. Trade Deficit Rises to Two-Year High in April
The trade gap widened 6.9 percent to 47.2 billion dollars in April, the largest since 2012, as American consumers boosted purchases of imported consumer goods, business equipment, and cars. Exports barely changed, signaling stronger domestic demand amid slower foreign growth.
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