There are apparently 8200 stock mutual fund managers in the US of A. Last year 8199 of them lost money, at an average clip of 39%. Not Thomas Forester of the Forester Value Fund though, He returned + 0.4% making him a god among men. His secret? Avoid stocks and hold cash. Of course that strategy made his fund under-perform relative to the S&P 500 in 2005, 2006 and 2007.
The full story is here.
1 comment:
I guess that makes me a better investor than Forester. I yanked most of my money and put it into CDs and money markets last fall, and I didn't have to pay Forester a fee to do it.
Of course I did that out of fear, not because I'm smart.
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