It’s been about one year since the mutual fund scandal broke. Companies were trading in and out of mutual funds after hours and committing all kinds of various abuses. But some companies are still ripping us off with the unbelievable expenses they charge. First of all, you’re charged huge commissions to go into a fund. Secondly, you are charged a 12B1 fee, which is a bogus amount charged every year by most commissioned brokerage houses. And, on top of that, there is an annual fee that all brokerage houses charge. It’s a triple whammy. But not everyone in the industry is playing it fast and loose with your money. One of the most respected companies out there is Fidelity Investments. Fidelity has always been a leader in the industry, but Vanguard has been eating them up in recent years. Vanguard’s charges are generally much lower than Fidelity’s. But Fidelity is changing that. The company is putting a number of its index mutual funds on sale. In fact, its expense ratio will be below what Vanguard charges. The company is cutting expenses down to one-tenth of one percent. That’s even less than what Vanguard charges. So, you can either pay 1.5 percent of your money to normal brokerage houses or one-tenth of a percent to Fidelity. Which one sounds better? The only hurdle is that Fidelity charges a $10,000 minimum investment. Other great companies are T. Rowe Price and TIAA-Cref. So, they are out there. There is no reason to put your money with the commissioned players in the market.