Low Cost Indexing Is the Way to Go

Following the financial crisis, it seems like Vanguard was sucking up all the money in the room. And you have an entire universe of evangelists amongst the advisor community who have drunk the Kool-Aid and say, hey, low cost indexing is the way to go. But what happens when the market goes way down? The shareholders kind of led to expect they will anticipate this and not let it happen to them.