I did not lie, you seem to be the one with an axe to grind and you haven't proven anything.

What I wrote about fees charged by index funds is perfectly accurate. For instance:

- the Vanguard Total stock Market Index Fund charges 0.07%;

- the Vanguard Total World Stock Index Fund charges 0.45%;

- the Schwab S&P 500 Index Fund charges 0.09%;

- the Fidelity Spartan 500 Index Fund charges 0.10%.

Of course most mutual funds charge much more, precisely because they are actively managed. Index funds are passively managed, involve very little trading, and as a result charge much less.

I never, ever advocated that people give up on investing, and I think you're the one in need of an education.