Sheldon Jacobs
Sheldon Jacobs
care good managers market trend wrong
Managers aren't doing the wrong things - the market has changed. I don't care how good a manager is - if the trend changes, he's going to look bad.
aggressive assets funds growth people percent plenty
There are plenty of funds that have between 25 and 33 percent of their assets in techs. Most people would be better off with that kind of aggressive growth fund,
dips far growth quite stocks tend valleys
Over the long run, they go up as far as growth stocks or growth funds, but they tend to do it with a little smoother ride, you don't have quite the same dips and valleys with the value.
fortunate returns
I think we'd be very fortunate in 2001 to get returns of 10 percent. Double-digit returns are a thing of the past.
favor odds tend
These things tend to be done out of weakness. I would tend to think the odds are in favor of these moves.
company fund groups hands larger research
The larger fund groups all have research analysts. You can't just take what the company hands you.
fourth last losers numbers three turnaround winners worse
The numbers would have been a lot worse if it weren't for the turnaround in the last three months. The real losers of 2001 were big winners in the fourth quarter.
bought days investors missed three
You may have missed the whole rally, but investors don't know you bought it three days before.
benchmark blend fair fund large lower performance rankings
To me, it's more significant that he's in the lower rankings of performance for large blend funds, ... It's more fair to benchmark a fund to that fund's category, not an index.
balanced buys fund stocks together
A balanced fund buys stocks and bonds, and when you put the two together it reduces volatility,
buy fairly risky stocks
It's a fairly risky fund, but if you want to buy the stocks of the Nasdaq 100, that's a way to do it.
behind fast grow marketing
They're not going to grow as fast as Janus (funds) would because there's no marketing behind it.
factor overall paid taxes
They say 'Most of the shareholders are in IRAs' and taxes aren't a factor in IRAs, ... They say 'I'm being paid on overall performance.'
fund heavy technology
Any fund that's heavy in technology has not done well.