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CNBC April 200915/05/09 Get the Flash Player to see this player.
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Mutual Funds – The Real Story11th June 2009Mutual funds are deemed safe. They file prospectuses with the SEC. They have theoretical oversight b ...Continue Reading Get ready for the bull run in oil stocks11th June 2009The collapse in the price of crude has caused companies to slash budgets and production – sett ...Continue Reading Once The Momentum Picks up General Electric could be on our shopping list15th May 2009General Electric (NYSE: GE) is another world-class franchise that is being punished by the credit cr ...Continue Reading |
Mutual Funds – The Real Story 11th June 2009In the U.S. over 90 million individuals, in 55 million households, own mutual funds. But while one in every two households has entrusted their life savings to these funds, the industry has betrayed their trust. Mutual funds are deemed safe. They file prospectuses with the SEC. They have theoretical oversight by an independent board of directors. They are regulated in the fees they can charge and the strategies they may employ. They have soothing names such as Fidelity or Alliance or Evergreen, and invest for the “long-term.” For the unsophisticated investor, mutual funds remain the most popular vehicle for individual participation in the stock market. The image of the mutual fund industry, in other words, is safe, sound, and sober or it was until the tech meltdown or the recent market meltdown. |














