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The End of Mutual Funds? |
rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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 Posted: Sat Feb 13, 2010 8:34 am Post subject: The End of Mutual Funds? |
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We exaggerate to make a point:
http://www.bankinvestmentconsultant.com/news/Mutual-funds-decline-2661381-1.html
The power of Indexing has perhaps been the only tenant of investing to come through this secular bear intact. Ten years of "value funds" fully invested in Microtel and Malaysia; and then another ten invested in PetroChina has done much to upend ideas of alpha/beta. And then there's the decadal returns. And then there's the daily "returns"--priced to yesterday's market. Mutual Funds generate their own panic on big down days--the day we now live.
Retail is out and vows to stay out. But of course they can't. Markets are forcing their hands. Enter the leveraged ETF. Wouldn't that be a grand irony.
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The End of Mutual Funds? Replies |
rffrydr
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Joined: 30 Oct 2005
Posts: 16445
Location: Sunny California
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| Posted: Fri Aug 12, 2011 7:47 am Post subject: |
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Panics not what they used to be:
http://www.sacbee.com/2011/08/11/3830461/many-in-sacramento-area-tune-out.html#storylink=misearch
| Quote: | We've had so many skies-are-falling fire drills," said Lasher, of the Lasher Auto Group chain of dealerships.
That could be particularly true in a community like Sacramento, where unemployment is 12.3 percent and consumers are "already so hunkered down," said architect Michael Malinowski.
In more normal times, Malinowski might have gotten calls from panicked clients this week, telling him to postpone expensive home remodelings until the markets calmed down. But these days, Malinowski has very few clients anyway.
"It's already so grim – how many times can you get slapped in the head before it doesn't hurt as much anymore?" he said. |
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