Scott Cooley
Scott Cooley
Scott Cooleywas an Old West Texas Ranger and later outlaw, best known for his association with gunman Johnny Ringo...
flight funds gotten growth perceived seems stocks technology tend
Mid-cap and large-cap growth funds tend to have a lot of technology stocks and biotech stocks, and biotech stocks have really gotten pummeled too. It seems like there's been a flight from anything perceived to be risky.
backup barney beyond center companies extent fund funds happened initial investment key offices operations personnel question response seems smith trade
To the extent that fund companies had operations in the World Trade Center, they typically have backup files, so there shouldn't be any problems. Beyond that, the question is what happened to key investment personnel, and the initial response seems to be good. Oppenheimer Funds had offices in that building, and most of their personnel seems to be accounted for. And all personnel from Salomon Smith Barney was evacuated from 7 World Trade Center before it collapsed.
couple last stay turns twists unexpected
When you think back in the last couple of years, there have been so many unexpected twists and turns in the market. It really makes sense to stay diversified.
few fidelity fund harm increasing size tough
I think there is an increasing recognition at Fidelity that fund size can really harm performance. If they are too big it can be pretty tough to reposition a portfolio. That is something Fidelity didn't acknowledge a few years ago.
blend comparable delivering flows funds growth money peers problem returns small
Some of the higher-turnover areas, like small blend funds and mid-cap growth funds, have a problem delivering comparable returns to their peers when too much money flows into the fund.
average brief caused correction fund happen lose loss moderate nearly saw suffered taste twice
I think we saw a taste of what could happen in July, when a brief and moderate correction caused this fund to lose nearly 7 percent, about twice the loss suffered from the average conservatively managed large-cap fund.
bet bets biggest care chase exposure fine health lesson major market means year
It's fine to make a bet on a sector, but you should know what bets you're making. The biggest lesson this year is diversification. What that means right now is to have exposure to a lot of major market sectors and not just chase health care because it did well.
eaten
They just don't make sense for (small investors). They'll get eaten up by the commissions.
against best circumstance fast growing hard tide turns
Once the tide turns against you, it's tough. It's hard to keep growing that fast under the best of circumstances.
funds percent run stock time
Any time you let a stock run up to 40 percent of your portfolio, you have to have a lot of convictions. There aren't a lot of funds like this.
At the boutique firms, it's a way to get recognized.
There is something to be said for having well-informed shareholders.
difference returns subtle
Those subtle differences (in returns of index funds) make a big difference over the long term.
brought companies create fund managers pressure
A lot of the pressure has been brought on managers by the fund companies themselves. They create unrealistic expectations.