In criminal law, motive is distinct from intent. Criminal intent refers to the mental state of mind possessed by a defendant in committing a crime. With few exceptions the prosecution in a criminal case must prove that the defendant intended to commit the illegal act.
See the difference low-cost funds can make. The less you pay for your funds, the more you keep in your pocketâit's that simple. The average Vanguard mutual fund and ETF (exchange-traded fund) expense ratio is 82% less than the industry average.*. You don't get a bill explaining how much of your savings went toward paying fund expenses, because those costs are paid directly out of each fund's returns.
The odds are that by eliminating high fees and commissions the average investor can do much better. Obviously, the less the better. To put things in perspective, no-load mutual funds average about a 1% annual management fee. Sales charges on load funds can be as high as 8%. So called wrap accounts at full service brokerage firms can add up to 3% on top of the mutual fund management fee.