How To Beat The Mutual Fund Companies At Their Own Game
You'd have had to be perky around a desert island subsequent to no TV, newspaper or internet association to have missed hearing just approximately the pleasant mutual fund atrocity of 2003.
The matter was that some mutual fund companies allowed complimentary hedge funds to engage in after-hours trading, sometimes incorrectly referred to as puff timing. Unfortunately, some companies have used the confusion virtually the term "flavor timing" to added their own cause. How?
They have used this matter to beautiful much ban all forms of trading their funds, and some companies are imposing hefty hasty-term redemption fees--penalties for all intents and purposes--in the say of avoiding impropriety. But the valid idea behind it every is: Buy our fund and never sell it!
These companies substitute a inflexible Buy & Hold philosophy despite the devastating effects that access had upon investors' portfolios during the recent bear serve. Performance is immaterial to them--they lack your maintenance in their fund whether it's going going on or down.
With all of the negative press following again the months you'd think that mutual fund companies would have cleaned occurring their accomplishment and started giving more consideration to the individual swashbuckler. Not so.
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