Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Chip McVickar who wrote (10570)	9/28/2010 4:20:53 PM
From: Kirk ©	Read Replies (1) of 222551

"The fact that stock pickers are getting out played by the ETF's and commodity players and broad based index trading... is a serious complication for the mutual funds companies and their high sales fees... if they can't produce substantive winners... time after time... we maybe looking at the end of or at least a continued consolidation of that once dominant industry of snake oil salesman..." I don't think it has stopped them before. 80% under perform. There is an inherent flaw with most mutual funds that are fully invested by charter. Most money flows in near the top and flows out near the lows. It forces them to do the very worst thing... buy more high and sell low. The better funds, like my largest FLPSX, usually close the fund when they run out of good buys... I use it as a signal to take profits. I think the scumbag, highly loaded fund trick is to make up all sort of new funds with small amounts of money, pick some winners from those then advertise the hell out of them.

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