The Investor Revolution

IN THE PRE-WORLD WIDE WEB DAYS, if you wanted to invest for your retirement, you'd call your broker and ask what looks good. He would sell you a financial plan and 100 shares of GE or maybe a mutual fund he was pushing. But you paid a stiff price: a couple hundred bucks commission for the stock or a 5% sales charge for the fund. Plus an extra percentage point or two every year to help pay for the fund manager's hefty salary.

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