Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: If the best mutual funds in the investment universe were chosen on merit alone, very few of them would be the biggest funds. But, alas, the mutual fund industry is not a meritocracy! And, as a result, there are too many mutual funds that have large assets under management figures despite being poor performers. Regards, Ted http://investorplace.com/2014/09/bad-mutual-funds/print
I chose a B-share (back-loaded) fund to demonstrate a point that mediocre funds are not bought … they are sold! American Funds became the third-largest mutual fund company in the world because stock brokers don’t make commissions from selling no-load funds. They like to sell funds with big names, high expenses, and loads.
Hear, hear...
I'll add: They like to sell funds with big names, high expenses, and loads...to the uninformed.
Right, Charles..everyone who invests in AF is uninformed and just plain stupid!!! Get off your friggin soapbox already. You KNOW that AF A share ERs are the least expensive in the industry after Vanguard....yet you go on and on about the high expenses. You are a crusader and you let your emotions and your agenda override the facts.
I for one have had enough of your ongoing tirade and I will cease to contribute to these forums.
@Desota: Don't worry, I got your back on this one. The next crusader that get on their soap box can look foward to this. Regards, Ted 1. Editing MJG messages. 2. Checking to make sure Vintage Freak is not over medicated. 3. Reminding David Snowball what day of the month it is. 4. Informing John Chuism & Scott they don't have to have all their discussion as Off-Topic
@Desota: Don't worry, I got your back on this one. The next crusader that get on their soap box can look foward to this. Regards, Ted 1. Editing MJG messages. 2. Checking to make sure Vintage Freak is not over medicated. 3. Reminding David Snowball what day of the month it is. 4. Informing John Chuism & Scott they don't have to have all their discussion as Off-Topic
@Ted. Kindly take a FF up the hole of your choice.
Comments
I'll add: They like to sell funds with big names, high expenses, and loads...to the uninformed.
Get off your friggin soapbox already. You KNOW that AF A share ERs are the least expensive in the industry after Vanguard....yet you go on and on about the high expenses. You are a crusader and you let your emotions and your agenda override the facts.
I for one have had enough of your ongoing tirade and I will cease to contribute to these forums.
Regards,
Ted
1. Editing MJG messages.
2. Checking to make sure Vintage Freak is not over medicated.
3. Reminding David Snowball what day of the month it is.
4. Informing John Chuism & Scott they don't have to have all their discussion as Off-Topic
I was just quoting one of Ted's recent posts, which seemed timely to our other discussion.
No offense intended.
Derf
http://investorplace.com/2014/09/american-funds-still-matter/#.VBDLqE10x7i
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