[Analysts see the fund as a gimmick trying to attract investors.] The entertainment, the gimmick, doesn't really have anything to do with investing, ... They brought chat boards to life in a mutual fund. |
[Most agree that people should not rush to make changes to their mutual fund holdings.] In general, it's just not a good idea to trade on emotion, ... Sit tight. The market once closed for four months after World War I, and when it reopened, companies continued to have value. The worst thing you can do is panic and sell. |
[The performance picture is muddied, however, because many troubled Merrill funds have been merged with others or liquidated.] Merrill's record looks better than it is when you consider the bad funds they've merged away, ... They swept quite a bit under the rug. |
[While Craig leaves a lot of good people behind,] their plates are pretty full, ... It's a question of time management. Craig had the experience and responsibility to take the long-term, level-headed view. |
A lot of companies will make money off the Internet, but it seems too narrow for a fund format. |
A lot of funds have grown so much recently that even after the sell-off, they are unable to adapt their strategy to a greater asset base. Also, I don't see any big trends in terms of new funds. There's just not a lot of them coming out right now. |
A lot of individual investors assumed at the end of last year new economy meant good and old economy was history. |
A lot of managers will use Street research to make sure they didn't miss anything. [But] fund managers have learned to tune out most of Wall Street research anyway because it's so biased. |
A lot of the small cap fund managers are pretty excited. They're talking about how stocks look incredibly cheap. |
A single year's return shouldn't play a big part |
A year ago, it would have been a good time to bail out but now they seem to be making some improvements, ... In cases like this where there is potential for a turnaround it's a tougher call. |
A year and a half ago I realized that it wouldn't happen in the next few years. I sold the fund. It had decent returns, but it was time to move on. |
All of these funds you could own for 10 or 20 years. With all of them, I have a fair amount of confidence that things will go well for a long time. |
American Funds has a longer-term focus than their competition. |
An investor would do better to just shop for cheaper expenses. Then you can buy your own perks. |