Often on Saturday mornings I turn my radio to The Mutual Fund Show with Adam Bold. Adam's business is The Mutual Fund Stores across the country. They are an investment outfit that uses mutual funds exclusively for their client's investments. They also have a division that helps people make decisions within their 401(k) holdings and Adam has started a TV show once a week on local PBS stations. That can be seen on the Internet as well.
Adam and his company prefer managed mutual funds rather than index funds. So Saturday mornings Adam is often heard to say that a fund was down less in a down market and up more in an up market. He tracks nearly a thousand funds which he recommends to his clients.
So I get the image of a child smiling on the way down a slide. He's still headed down but it's less down the rest of the market.
I'm not a happy investor in a down market. I start to think we have too much $ invested in stocks and not enough in bonds or fixed assets. Our goal now is to reassess when the market hits 14,000 again. I think it will and it will quicker is we elect a Republican president.
No happy sliding face for me.
'til later
No comments:
Post a Comment