Anyone who stuck with him deserves some sort of an award for that near-death experience. |
Fund companies would like you to believe that the fund is an institution and carries on regardless, but I don't think that's consistent with the real world. Funds are people. It ultimately comes down to the quality of the talent. |
I think Lasser has to go, ... For being known as a detail-oriented control freak, it is inconceivable that he didn't know about this. What is even more shocking is that he didn't do anything about it. |
If it wasn't an impulse purchase and it wasn't the result of high-pressure sales tactics, I feel you should allow at least 12 months of poor performance before the fund even hits your radar screen. |
If your fund has trailed its benchmark for 12 months, three years and five years, along with its peer group, then you have some pretty good reasons for selling, |
If your fund has trailed its benchmark for 12 months, three years and five years, along with its peer group, then you have some pretty good reasons for selling. |
It's one of those funds that may have some sentimental value for a lot of people because of its association with Peter Lynch and its flagship status. |
Literally, this has no effect on the mutual-fund business. |
There is big tension when a fund company decides to close a fund, because growing assets is how they make their money. Meanwhile, investors will push for an early close because by the time a fund closes it's usually already too late. |
There is something to be said for a consistent return, but unless you have an intimate understanding of hedge funds, it's better to go to school on someone else's money. |