[BadBoyBenny]

Bill Miller at Legg Mason Funds has a value fund that has consistently beat the market over the last decade. I don't own it and don't know the expenses, so I can't say if the track record of returns would compensate. Do some research and see if you think it would beat a Vanguard index fund over time.

Note: I own an assortment of index funds from Vanguard mostly because Vanguard is the chosen fund company for my employer's 401 K and I like the convenience. I also buy individual stocks outside of my 401K but not Mutual Funds.