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>> reporter: were you up a few flights? >> no, we were on the ground floor. >> reporter: you've walked through the central city. >> just ruptured sewer lines and all the buildings all over the place. and just everything's pretty messed up at the moment. >> and make sure you stay with cnn as our coverage of the disaster in new zealand continues next hour. first, let's take another quick look at the stock markets. and here in europe, shares have pretty much fallen across the board as worries over libya hits traders. let's have a look at the london ftse is down 1.1%. paris cac also down 1.39%, ...

>> anderson, a day-long conference at the united nations secured major promises of long term aid for haiti. more than three dozen nations pledged more than $3 billion to help the quake battered country recover, the u.s. promising 1$15 billion. two bombs in russia's southern republic killed two people, one suicide bomber was involved. a video released online, a chechen rebel leader says he personally ordered monday's deadly bombings on moscow's subway. those attacks killed at least 39 people. stocks fell today but posted a strong first quarter, it ended the quarter up 1.39%, the best since ...

Least 12 people, one suicide bomber was involved. a video released online, a chechen rebel leader says he personally ordered monday's deadly bombings on moscow's subway. those attacks killed at least 39 people. stocks fell today but posted a strong first quarter, it ended the quarter up 1.39%, the best since 1999 and fourth straight quarter of gains. the s&p is up, 4.9% for the quarter, nasdaq, 5.7%. british researchers say they found evidence toads may be able to predict earthquakes. the scientists witness a mass exodus of toads from a breeding colony in italy, days before a magnitude 6.3...

Literally create such a handicap on your portfolio that you lose a tremendous amount of money. and people don't really understand this, they think, oh, what's the big deal? 1% on a mutual fund. when the markets are returning and in our example, 7.5% with bonds and stocks, that little 1.39% is a very big part of 7.5%. that's just what happens. >> you read it again also with mutual fund portfolio and an adviser and found that what you say are the losses are even worse. you got by the age of 76, same, age 35 you start investing $4,000 a year into your i.r.a., 7.5% return. in the end if you use mu...

Math he's done about how much you're paying in fees. mitch, welcome to the program. i want to start, first, with this portfolio you put together, for a person 35 years old, $4,000 a year annual contributions. assuming a 7.5% annual return, by the age of 76, wow, if you have -- walk me through what you see here, a mutual fund portfolio, a little more than $2 million, in an etf, you would have had $3 million. so returns lost to fees more and that a million bucks. why is this happening? >> what people don't understand is that when you buy a mutual fund portfolio, by the way, the portfolio we use ...