What Las Vegas Can Teach Us About Mutual Fund Investing

By Scott Burns

When you go to Las Vegas one of the important things to know is what the “vig” is for whatever game you choose to play. The vig, or “vigorish,” is the amount the house takes out of the pot. Play where the vig is high and it is likely you will lose your money quickly.  Play where the vig is low and you’ve got a shot at staying in the game longer. Whether the vig is high or low, someone may leave with more money but most will leave with less. There is a vig in mutual fund investing, too. It’s called the expense ratio.

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