Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Night Trader who wrote (94870)	3/7/2002 1:58:07 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Mk, No to the first. Mutual funds dwarf hedge funds in size. Also, hedge funds are hot money while mutual funds can go into 401Ks and IRAs, trust funds and college savings plans. Hedge funds are barely regulated, though they can't advertise. Mutual funds look more legal with all the SEC documents on file. Plus, the majority of managers, of both types of funds, cannot perform well enough to survive as hedge fund managers. Mutual fund shareholders tend to be less performance conscious and likely to stay with the family even if the fund fizzles. Now about indexing. More are more funds are becoming closet indexers on Morningstar's little nine box retard system. I deplore this trend, but it is happening. The reason to buy a mutual fund is to outperform indices. The reason to buy indices is to pay low fees. To pay high fees for an closet indexer is like a bicycle for a fish. Totally useless as a financial product.