The True Cost of Actively Managed Mutual Funds (according to Vanguard founder John Bogle)Actively managed funds are expensive. And it's not just the expense ratio. From transaction costs to tax inefficiencies, and cash drag to load fees, the cost of actively managed funds all but guarantee they will underperform an index fund over the long-term.In this video we take a look at a portfolio sent in by a viewer. The portfolio was recommended by PNC Bank. For just a $100,000 account, they recommend almost 20 funds, many with expense ratios over 1.00%. On top of that, PNC wanted to charge 1.24% to manage this mess.Resources mentioned in the videoJohn Bogle's article: http://johncbogle.com/wordpress/wp-co...Personal Capital: https://robberger.com/go/personal-cap...Tools & ResourcesMorningstar: https://robberger.com/go/morningstar/...?  My Book (of course): https://amzn.to/2MsRJ9B?  Personal Capital: https://robberger.com/go/personal-cap...?  M1 Finance $30 Bonus: https://robberger.com/go/m1finance-bo...?  Best Investment Tracking Apps: https://bit.ly/3wSbKZa