If you thought that Magellan was a behemoth of a mutual fund, think again. It just got dwarfed by the mother of all funds, American Funds Growth Fund of America, which weighs in at a hefty $165 billion in assets. Normally, I wouldn’t even pay attention to this fund, since it has a front load of 5.75%, but an article …
From The No Load Fund/ETF Files: Can Your Portfolio Weather An Economic Downturn?
It has happened again. Every so often a new book appears on the market that depicts impending gloom and doom. The latest one is Peter Schiff’s ‘masterpiece’ called “Crash Proof: How To Profit From The Coming Economic Collapse.” Schiff, who owns an investment company, has been predicting bad economic things for a while and has been frequently quoted in Orange …
ETF News: Straying From The Index
Motley Fool had an interesting observation on ETFs, one that I have touched on before. New ETFs are being brought to the market as fast as regulatory approvals can be obtained. It’s been my philosophy to let each ETF accumulate about 1 year’s worth of price data before I would even consider it. The reason is that I personally like …
No Load Fund/ETF Tracker updated through 4/27/2007
My latest No Load Fund/ETF Tracker has been posted at:http://www.successful-investment.com/newsletter-archive.phpThe Dow’s run at new highs continued supported by good earnings Our Trend Tracking Index (TTI) for domestic funds made new highs as well and now sits +5.70% above its long-term trend line (red) as the chart below shows: The international index rallied into record territory and has now moved to …
Fallout From The SubPrime Loan Game
I couldn’t quite figure out why General Motors said a couple of days ago that SubPrime problems might be affecting them too. Huh? They make a lot of car loans (oh yes and cars too), but real estate loans gone sour having an impact on their business? Hmm, I realize that GM is constantly in the news justifying why they …
ETFs, No Load Mutual Funds And Indexing: The Battle Of The Giants
I read a great interview, better referred to as a muscle flexing contest, between some of the titans of the mutual fund industry. In one corner, we have John Bogle, founder of the Vanguard Group and pioneer of index fund investing. In the other corner sits Jeremy Siegel, professor and author, who has reinvented indexing with his company, Wisdom Tree, …