Reality Radio for a really great future.

We're talking real money.

Big news, ladies and gentlemen.

Big news from the folks at Vanguard.

They're lowering fees even farther.

Yes, the low fee leader is going to be even lower with its fees.

But, gee, they got a lot of press from this.

Do you think maybe that's the reason because I'm a little, this is me.

Oh, by the way, me.

I'm Don McDonald, not in the laundry room that's tom cock

laundry man smelling good baby loving the bleach in here keeps me going he's got a batch of money in the

washer right now as we speak laundering away laundering away uh no i i am a i'm a cynic right

come on yes you are i think we can safely say that yes I'm a cynic, right? Come on. Yes, you are. I think we can safely say that. Yes. I am a cynic. Yeah.

So when Vanguard announces that they're going to cut fees, okay, my first reaction was, oh, good for investors. Then my second reaction was, really is it good for investors?

Is it likely to make a difference?

Well, they're saying over their entire, how many trillion dollars of mutual funds are they have done?

It's nine trillion they manage now.

They manage nine trillion dollars over all of that.

Their aggregate savings will be 350 mil.

Now, that sounds like a lot of money.

No, no, it doesn't.

It sounds like 300, you got 350 million?

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