Best to do your own investing….and don’t bother following Kramer. Get an auto trader going like Cool Trade (www.cool-trade.com), let it make the trades for you while you are at work.
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Did you know that mutual funds are NOT trying to make you money?
Mutual funds are just putting your money to work as stated in the prospectus. If they have money to put to work, they put it to work, even in this bearish environment. If you are buying and holding, don’t look at your mutual fund balances this week!
only_init_4_profit 10:31 am on August 19, 2010
No, I did not know that. Why is it then, that large mutual funds will sometimes stockpile cash during rough times. I can name a handful of value funds that are sitting on 10-15% cash right now. When just a couple of years ago they would maintain 3-5%. Please, get your facts straight.
I will agree, Kramer is an idiot,
Lilly 10:31 am on August 19, 2010
yeah
Mark B 10:31 am on August 19, 2010
Bad Bad Bad idea.
Read just about any reputible publication and you will find that frequent traders rarely beat the market indexes.
Deb W 10:31 am on August 19, 2010
Coulda’ fooled me. Our investments in mutual funds have earned us 5 times their amount over 7 years.
newjerseyguy 10:31 am on August 19, 2010
Sorry, your assertion is erroneous.