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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (47867)	2/18/2001 11:30:24 AM
From: Rocket Red	Respond to of 62347

Correct thats all they care about is there Bonus Check!LOL The tide will turn for a short rally through March,April,May then the Summer Doldrums will be here.Thats what I think.

To: Shack who wrote (47867)	2/18/2001 11:36:56 AM
From: The Osprey	Read Replies (3) \| Respond to of 62347

Well put Shack.I could get into a real discussion here as I have been in the funds business for over 15 years(pre 1987)but I will abstain.Not all funds people are painted with the same brush otherwise I would not have been in the business as long as I have. I do agree with Red's comment though regarding some of the fund companies.As an example, I attended a promotional tour by one fund group and shook my head and returned home in dismay for having attended the meeting and the waste of time it presented.The comment that was made by the VP of investments was that they were "value investors but also active managers"......Duhhhhhhhhh!!!!!!!I guess that accounted for their dismal performance.My largest fund group is AIC group of funds.I like their buy and hold philosophy.They are not perfect but their approach is great IMHO. My clients have done well by them. The Osprey

To: Shack who wrote (47867)	2/18/2001 9:15:35 PM
From: bigbuk	Read Replies (2) \| Respond to of 62347

except many fund maangers care enough to know that underperformance means no bonus. True , BUT the flunkies that get paid to sell to the retail (ie the end user Mr. John Doe) still get their trailing commissions. Which imo should all be performance related. I was and executor of an estate in 1999/2000 and it was managed by an so called account executive at Canada Trust. The performance for the last 5 years on it was satisfactory (over 10 % annually) and it moved up nicely going into 2000. I tried to move out out some bond money in January to money market and it was a real hassle. I ended with a court order allowing me to make all the calls starting early February of 2000. I immediately sold all funds -equity,bond and US holdings and out them all in money market. Needless to say we moved out the money from Canada TrRust shortly after. The moral of the story is the fellow that was "managing" this portfolio was paid salary with little or no incentive. And by the end of Feb( 60 days ) this portfolio when i moved it out was up net 5.6%. Go figure, salaried person managing millions of doallars. And he used to give me the same story --LONG TERM IT WILL NOT MATTER Yeah RIGHT. this account would have suffered a loss of hundreds of thousands of dollars, had it stayed at Canada trust since Feb. 2000. BB