Hi Larry, Have you got your own Folio or do you prefer the Netfolio?
There maybe a new resource available for those that are AIM minded. The subject of baskets & diversification have always been a topic for debate on this BB. Check this out...
biz.yahoo.com
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Made-To-Order Funds Growing
By Dena Aubin
They're starting to take advantage of products known as folios -- diverse baskets of securities that can be tailored to a person's needs, avoid brokerage fees and that could grow to be upward of a trillion-dollar investment market in 10 years.
Some researchers believe folios and similar alternatives are set to surge in popularity. Cambridge, Mass.-based Forrester Research Inc. said in a recent report that it expects more than $1 trillion to exit mutual funds and flow into folios and other low-fee accounts by the end of the decade.
TRIMMING EXPENSES
The benefit of buying bond funds through a folio, Smith said, is that an investor can diversify, adding several different types of funds without brokerage commission fees. Investors can assemble three folios with up to 50 individual stocks or bond funds in each for a flat annual fee of $295, she said.
Investors can either chose from ready-to-go folios or design their own.
Another advantage, Smith said, is that unlike mutual funds, folios give investors control over trading decisions so they can minimize taxable gains.
``It's definitely not going to go away,'' Berry said. ``Some investors want to know what they're investing in at all times, and mutual funds don't offer that.''
To be sure, Foliofn isn't the only company offering self-created baskets of securities.
Netfolio Inc., an online firm founded by James O'Shaughnessy, author of ``What Works on Wall Street,'' is offering a competing product. The company launched its stock funds on March 5 and plans to begin offering bonds in about six months, a company spokesman said.
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More info:
biz.yahoo.com
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Another Web-based company peddling personalized portfolios formally has launched. Netfolio, which founder and former mutual-fund manager and author James O'Shaughnessy has been fine-tuning for months, officially joined the other outfits like Foliofn in offering customized baskets of about 40 securities over the Internet. Billed as an alternative to mutual funds, the folios let shareholders choose what they own and exercise greater control over the taxes they pay. These folios achieve the latter by allowing investors to decide when to reap capital gains or realize capital losses. Investors can fill out an online questionnaire to help them pick one of Netfolio's portfolios, which are based on quantitative strategies developed and researched by O'Shaughnessy, some of which he delineated in his book, What Works On Wall Street. Netfolio requires a $5,000 minimum investment and charges a $200 annual (or $20 monthly) fee, but it will waive the charges for a limited time. Besides Foliofn, Netfolio's Personal Funds will compete with stock basket approaches from firms like Charles Schwab (NYSE: SCH - news), Fidelity Investments, and Montgomery Funds.
foliofn.com
Looks like they have plenty of Job openings. Maybe the BB could take on an Advisory Level Position. <g>
xmldj.tech-engine.com
netfolio.com
Easy to rebalance. Netfolio uses clearly defined investment strategies to select the stocks it recommends for your Personal Funds. Over the course of a year, however, as the economy and stock prices change, the stocks in a Personal Fund may no longer meet the criteria set by the original investment strategy. Rebalancing "refreshes" a Personal Fund, restoring the types of stocks and asset allocation the strategy originally recommended. There's no commission to rebalance a Personal Fund.
We made need to investigate this further and play devil's advocate.
News localbusiness.com
triangle.bcentral.com
Any thoughts or comments?
Keith |
