I really can't think of anybody who over the length of time that the Steadman funds have been around ... approaches their (poor) record. |
If the advice is worth it, you're willing to pay the load. If it's not worth it, then the load is too high. |
The evidence indicates that trying to time the market doesn't work. We've done studies looking at the flow of funds vs. performance, and invariably people buy at a peak and don't buy when (a fund) is low. |
The safest of all possible havens would be a money market account. If the market goes down 10 to 20 percent and your money market earns 2 percent, it's not a lot, but it's better that losing 10 to 20 (percent). |
There is a place for both competitive and so-called negotiated deals. |