Hey Art, dont you think its sort of pathetic to pick fights with me and then whine about getting beaten up to the moderators?
Pick one.
In the meanwhile, re-read post #2 where I explained the delta. These return numbers dont include reinvestment of dividends...the thing you picked at (incorrectly) in our last go-round.
Besides, arent these fancy actively managed mutual funds that hold lots of cash supposed to outperform a blunt index during times of turmoil...you know...the kind we've had lately? If these smart stock picking, market maneuvering, very expensive managers are all they say you are, then why are the indexes...ummm...wrasslin' the heck out of your front end load funds?
Well first off, I hadn't heard nor seen anything from a mod stating they were being proactive on the matter. Also, I was responding to a different thread with further claims being made by you. If you can stick to the facts vs. furthering your personal vendetta, then I can do the same.
Now, as to the facts, you can't have it both ways, you can't tout long term results, then when the moment suits you, claim short term results are what matter. Would we love to see American Funds outperform in good times and bad, sure, however, this isn't always the case. AF owned a decent amount of FNM and AIG (both were supposed to be very conservative), and both went sour.
So, bottom line, they've gotten beat vs the index very recently, however, they do hold cash, so hopefully, when the time comes, they'll be able to buy near the bottom vs. having to hold certain stocks while they continue to tank. Consider the index fund that was forced to sell AIG at the bottom vs. at the very least being able to make an objective opinion as to their future.
Is there anything else in the world that you'd prefer to have a computer running without human interaction, besides your investments?
