Mutual Fund Investors Need Another Investing Strategy
This Business Week article sums up why.
Of the 11,585 stock mutual funds that Morningstar tracked this year, all but one lost money - and the sole exception just broke even. I've listened to a great stock trader and radio host named Phil Grande the past couple of months, and he makes more sense than almost anything you hear from the mainstream financial media.
Phil says that almost all mutual funds are going nowhere for the next few years, because fund managers can only invest long in these funds. And the general stock market will struggle in the short-to-medium term future because the earnings aren't there to justify higher stock prices.
The current stock market is a trader's market - not a "buy and hold" market, like most stock brokers and financial planners advise you to invest. Most of the time, their compensation is based upon how much money you have invested in the stock market with a financial professional - NOT on how well your portfolio performs.
And a lot of folks in the industry are still looking for the "best-performing mutual fund" to recommend. That's like recommending the "fastest horse-and-buggy" in 2008. Employees with 401(k) and IRA accounts need to get educated on commodities and exchange-traded funds (ETFs) that will perform better in this current commodities bull market cycle.
Or - take the time to learn how to trade stocks wisely. And that's what Phil Grande shows you how to do. I know it's difficult to learn a new skill, with the time and effort you have to invest. However, if you learn to trade stocks and options profitably today, it'll more than pay off in the next few years - compared to other investors possibly losing their shirts because they didn't know the financial technicals and fundamentals.
I know this sounds like an advertisement for Phil, and maybe it is. However, his advice is some of the best out there. If you're looking for some "done for you" investment advice, check out what Bill McKinley and Doug Newberry have to offer at The Market Toolbox.
Doug also has a weekly webcast every Sunday evening, and their newest edition of the Research Lab can help you make more profitable stock picks in less time. That's something every investor can use.
Had a great time this past week, attending four Christmas parties. Today it was snowy and cold, and a good day to stay inside, relax and watch football.
Please check out Phil Grande and Doug Newberry's sites, they can definitely help you become a better (and more profitable) investor.
Of the 11,585 stock mutual funds that Morningstar tracked this year, all but one lost money - and the sole exception just broke even. I've listened to a great stock trader and radio host named Phil Grande the past couple of months, and he makes more sense than almost anything you hear from the mainstream financial media.
Phil says that almost all mutual funds are going nowhere for the next few years, because fund managers can only invest long in these funds. And the general stock market will struggle in the short-to-medium term future because the earnings aren't there to justify higher stock prices.
The current stock market is a trader's market - not a "buy and hold" market, like most stock brokers and financial planners advise you to invest. Most of the time, their compensation is based upon how much money you have invested in the stock market with a financial professional - NOT on how well your portfolio performs.
And a lot of folks in the industry are still looking for the "best-performing mutual fund" to recommend. That's like recommending the "fastest horse-and-buggy" in 2008. Employees with 401(k) and IRA accounts need to get educated on commodities and exchange-traded funds (ETFs) that will perform better in this current commodities bull market cycle.
Or - take the time to learn how to trade stocks wisely. And that's what Phil Grande shows you how to do. I know it's difficult to learn a new skill, with the time and effort you have to invest. However, if you learn to trade stocks and options profitably today, it'll more than pay off in the next few years - compared to other investors possibly losing their shirts because they didn't know the financial technicals and fundamentals.
I know this sounds like an advertisement for Phil, and maybe it is. However, his advice is some of the best out there. If you're looking for some "done for you" investment advice, check out what Bill McKinley and Doug Newberry have to offer at The Market Toolbox.
Doug also has a weekly webcast every Sunday evening, and their newest edition of the Research Lab can help you make more profitable stock picks in less time. That's something every investor can use.
Had a great time this past week, attending four Christmas parties. Today it was snowy and cold, and a good day to stay inside, relax and watch football.
Please check out Phil Grande and Doug Newberry's sites, they can definitely help you become a better (and more profitable) investor.
posted by Brian Ochsner | 6:56 PM
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