Russell Kinnel
Russell Kinnel
asset bases entirely fidelity policy size
Fidelity bases its IPO allocation policy entirely on asset size and that's the way it should be.
assets early expect fund late net next surpass terms vanguard year
We expect the Vanguard 500 Index Fund to surpass the Magellan Fund in terms of net managed assets by late next year or early 2000.
brooks changed changes early effort experience funds improve investment providing reliable research skill stages
Putnam is in the early stages of a restructuring effort aimed at providing better, more reliable performance. It may be years before Putnam funds have a lot of appeal. Stock-picking skill and experience aren't changed overnight. Even if Haldeman and (head of research Josh) Brooks succeed, it will be years before their changes can markedly improve investment results.
add estate generally hesitant narrow recommend
Utilities and real estate are pretty narrow sectors. And real estate has had such a run, I would be hesitant to add more at this point. So I generally recommend diversified dividend plays.
accuse awesome capital closet job
No one would accuse Lange as a closet indexer. He's done an awesome job at Capital Appreciation.
bond produce stake strategy stretch though
You have a very conservative strategy even though the bond stake isn't great. They're not going to stretch to produce yield.
ask fund trust
You have to ask yourself why you should trust the fund company.
disasters fall funds hard might
The big funds are very well managed and very well diversified. They might fall as hard as the S&P, but there aren't a lot of big disasters there.
fewer fund investor mutual
It's a challenging thing to do, and probably can be done a little more tax-efficiently by the mutual fund than by the investor who has fewer holdings.
appealing good
It's a good strategy, a good manager, just not a very appealing wrapper.
dangerous gold india investing russia space
When gold and Russia and India are the top-performing sectors, that's a dangerous space to be investing in.
few focused fund funds goal losers maximize offset profits realized selling simply stock whereas
A tax-managed fund is simply a fund who's goal it is to maximize after-tax returns, whereas most funds are focused on pretax returns, ... I think the one thing that probably all of them have is the idea of selling losers to offset gains. If you've just realized profits on one stock you'll sell a few dogs.
develop investment plan risks understand
You need to develop an investment plan and understand what risks you're taking.
access amazing buy despite funds happened large lose main manager money mutual owning points throwing
Despite those amazing returns, by and large all those funds really did was lose money for a lot of people. One of the main points of owning a mutual fund is to be able to access high-quality professional management. But you are throwing that away when you buy funds like these with some manager who just happened to get lucky.