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