Any economist will tell you that in terms of predictive power, there's no comparison. In a given investment category, if you're to pick a single factor to go on, you're going to do better in a fund with lower costs. |
Every basis point matters. If I had to choose between eliminating mutual funds that are the most expensive or those that are the worst performers, I'd eliminate the most expensive ones. |
Fees are the most important single factor in evaluating a particular fund. |
If you have bars that fluctuate up and down dramatically, you know that this is not a short-term investment vehicle. |
It was great that he went after fees. I have no doubt that at the margins those settlements placed downward pressure on fees. |
The average investor shouldn't have to depend on a strong IPO market for a technology-focused mutual fund to excel. |
There are lots of hedge funds making a living doing these kinds of trades. |
They're bad for investors (and) result in higher compensation for brokers. |
This is a very positive step for shareholders and the industry. |
You'll have window dressing to the max with respect to stocks like Global crossing, Enron, Tyco and K-Mart. |