In Finance for Life: Controlling Costs in Mutual Funds on page 56, the importance of keeping expenses down is discussed. The Financial Industry Regulatory Authority website provides an easy way to compare mutual funds. Go to the website, http://

apps.finra.org/fundanalyzer/1/fa.aspx, and enter “VFINX” (the ticker symbol for Vanguard 500 Index Fund Investor Class, “ABFAX” (American Beacon Balanced Fund Class A), and “AMREX” (American Growth Fund Series Two E). Now click on “Show Results.” Set your investment at $10,000, your return at 8%, and your period at 10 years. What is your profit or loss? Why do you think there are such big differences? (Think expenses and fees.)