not big in Canada either. Delisted.
bogus guru thread
- Thread starter billyjoerob
- Start date
I'm familiar with that argument. Still bogus.
what is that Gartman fund? It looks like something where he can take credit or say it's just an index, he's not responsible. That's one way to do it.
Wow this guy is epicly bad. He has underperformed the S&P 500 every year since 2006. That is 8 straight years of this garbage. How can these charlatans come on TV all the time and pontificate about investments when they are this bad. I'm pretty sure the monkees throwing darts would do better a la A Random Walk by Malkiel.
And I'm sure he has the 2/20 fee structure whereas the SPY has a 9 basis point fee and still outperformers this guy.
I love this guy's portfolio of 70% short bonds and long 25% Greek & African equities. Why does anyone invest with this guy?
You're completely missing the point. The investors want to put their money where it will get the most bang per buck. They were told these fund "gurus" could outperform the market. The gurus ain't outperforming the market.
If you don't like the S&P 500, then use whatever other index you want. If it underperforms the S&P 500, then you've made a foolish choice. If it outperforms the S&P 500, then these gurus look even worse.
The point is, they're not earning their management fees.
--The point is, they're not earning their management fees.--
the point is that the 90% of the industry is based around this 'business' model with the goal TO COLLECT THOSE FEES.
it's all about 'expenses'\office fees. everywhere. they care less about performance . closed,delisted or underperformed? let's close it and open another one. wash,rinse and repeat.
the point is that the 90% of the industry is based around this 'business' model with the goal TO COLLECT THOSE FEES.
it's all about 'expenses'\office fees. everywhere. they care less about performance . closed,delisted or underperformed? let's close it and open another one. wash,rinse and repeat.