06-24-2014, 07:07 PM
(This post was last modified: 06-24-2014, 09:43 PM by Dividend Watcher.)
Chuck Jaffe over on Marketwatch had a very interesting article on the problems with mutual funds. You can read it here.
I don't expect the article to be up long because of the mud thrown (maybe I'll be wrong but there's a lot of money at stake here) so here are the bullet points using his subheadings:
You can probably read between the lines but the article itself is pretty interesting.
I don't expect the article to be up long because of the mud thrown (maybe I'll be wrong but there's a lot of money at stake here) so here are the bullet points using his subheadings:
- Disclose how different funds are from the index they are measured against.
- Stop the gimmicks.
- Shut funds where asset growth has affected strategy.
- Agree to use a common language.
- Kill funds that can’t achieve economies of scale.
You can probably read between the lines but the article itself is pretty interesting.
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“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street
“Remember, things are never clear until it’s too late.”; Peter Lynch, One Up On Wall Street