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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (29592)	1/7/2008 5:12:55 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78536

although my guess is if most of the individual stocks that are held in TAVFX were presented here, you'd be pointing out how difficult they are to analyze, and/or how dangerous they might be, and how for you, you'd at best not be interested in them and at worst would avoid them. -g- I know I know. :) Of course, this is the risk and the curse of mutual fund investing. :) On one hand, if you invest in a fund that plays in the same vein as you do, then either you are acknowledging that the manager is better than you - and you should not invest yourself, or he is worse than you are - and you should not buy the fund. On the other hand, if you invest in a fund that plays very differently from you, then either you don't trust your own investing method and his method is better - so you should not invest yourself, or he is worse than you are - and you should not buy the fund. :)))) I made very good gains on IIF, TDF, and IGE. But looking at the stocks they hold... hmm, I am not sure I would want to be there, except for IGE. :) If I subtract IIF, TDF, IGE and BRK (which is a fund too in some sense) from my portfolio performance, I am not sure I am left with much positive. Maybe this is an indication to switch to funds and stop active investing. :) On the other hand, this does not stop people like FAIRX from investing 20% into BRKA and becoming great, finalist, Morningstar 5-star, stock manager of the year managers. ;) Maybe the positive way to look at holding mutuals is if you believe that there is some area that you have to invest into, but you don't have expertise in that area. Then it may be worthwhile to buy a fund that has a manager with expertise in that area.