Re: Investing

From: Dossy (dossy@panoptic.com)
Date: Sun Jun 15 2003 - 15:43:17 MDT

  • Next message: Dossy: "Re: Investing"

    On 2003.06.15, Spike <spike66@attbi.com> wrote:
    > This explained something that puzzled me: why my fund
    > managers were achieving only market average over the
    > long haul, or actually not even market average. My
    > Dow index fund did better than my managed funds over
    > the period of 95-present.

    In God we trust ... all others pay cash.

    Ask how your fund managers are compensated. If they're compensated for
    simply beating the average (or, even worse, just doing better than the
    average of all the funds out there) ... the fund manager may be
    pocketing a decent salary and sizable bonuses while /your/ money
    evaporates.

    This is what happens when the compensation structure isn't aligned with
    the customer's best interest. The customer can get screwed and the guy
    working for the company doing the screwing gets rewarded for it. Go
    figure.

    -- Dossy

    -- 
    Dossy Shiobara                       mail: dossy@panoptic.com 
    Panoptic Computer Network             web: http://www.panoptic.com/ 
      "He realized the fastest way to change is to laugh at your own
        folly -- then you can let go and quickly move on." (p. 70)
    


    This archive was generated by hypermail 2.1.5 : Sun Jun 15 2003 - 15:53:07 MDT