The fees you pay to invest in mutual funds are “tumbling toward zero” thanks to the growing popularity of low-cost index fund investing and, more broadly, the growing realization among average investors that well-paid Wall Street guys can’t pick winning investments any better than you can.

“The 20 most profitable hedge funds for investors earned $15 billion last year while the rest of the industry collectively lost $99 billion.”

Last year was horrible in many ways, but it was not horrible in at least one way: for the first time since the Great Recession, we have all decided to stop handing billions of our dollars to Wall Street money managers for no good reason.

Far be it from Gawker.com to claim to be the finest financial blog “in the markets,” but we can tell you this: your special “high flying” “IPO” stocks are getting clobbered!!!

Gold, the favored investment of Glenn Beck, Sean Hannity, and the old man at the post office who invited you over to see his industrial-size canned bean supply room, is down for the third straight year.

A new study finds that the majority of people who were billionaires in 1995 are no longer billionaires. What happened, billionaires???

Today in “Things To Panic About Even Though You Don’t Really Know What They Are”: junk bonds. Ahhhhh!

The people having the most success destroying the Wall Street elite these days are not bomb-throwing anarchists. They are buttoned-up investment types who are just less greedy.

Here’s a fun story a few weeks in the making, starring everyone’s favorite price-gouging pharmaceuticals asswipe, Martin Shkreli. This one involves another small and fading pharmaceutical company, the stink of market manipulation, and a lot of pissed off investor-types.

Billionaire hedge fund mogul Bill Ackman (pictured) is in a tiff with billionaire Bershire Hathaway investment mogul Charlie Munger. The topic? Whose investments are more “moral.” Now that’s what I call comedy!

The Chinese stock market, which crashed spectacularly this summer and sent the entire world into a medium-grade financial panic, is now back in bull market territory again. Booming! Invest now, before it collapses again next year.

What would you say is a fair amount to pay a savvy, sophisticated hedge fund manager for taking a pile of your money and making it smaller?

“The rationale for human advisers paying high fees is the expectation of earning greater net returns than one’s peers over time. Yet research shows that the opposite is true,” says a new study. “There is no supportive justification for owning high-fee funds.”

In 2008, the global economy collapsed. But ever since bottoming out in 2009, we’ve been on a gangbusters recovery. Is it all going to come to an end soon? See for yourself.

After the biggest drop since the Great Recession on Monday, U.S. stocks today posted their biggest gain in four years, because the stock market is driven mainly by bullshit. http://gawker.com/is-the-stock-m…

On Friday, the Dow Jones Industrial average fell more than 500 points, capping off the worst stock market week in years. Panic selling has taken hold of nearly every market in the world. As we digest today’s even worse massacre (?), consider: how much should you panic?

The Chinese stock market’s sickening recent plunge potentially endangers the entire global economy, but do not worry: China’s richest investors have already cashed out. Ignorant middle class investor-gamblers, don’t miss this unique chance to jump onto a sinking ship. Buy now! http://gawker.com/reminder-dont-…

Hedge funds—which, as an asset class, are a scam—charge exorbitant fees in exchange for the sort of top-tier investment skill you supposedly can’t get with a dirt cheap index fund. A new study says that is bullshit. http://gawker.com/everyone-knows…

When the people who invest billions of dollars for a living get nervous, they tend to start stockpiling cash, anticipating a market collapse. And they are feeling very nervous now!

China’s stock market, the most high-flying in the world lately, is now mired in its inevitable crash. What rises too high shall fall again. In the long run, it will be okay. Unless you did something stupid.