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The 12 Worst Mutual Funds!
05-20-2013, 04:54 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2008
Location: NC
Posts: 20,654
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The 12 Worst Mutual Funds!
Hopefully no one here owns any of these - though lots of someones had to. What stuck out to me was the high expenses associated with these 'wunderfunds' in light of the recent discussions here on 401k fees stemming from The Retirement Gamble show on PBS a few weeks back. Note the expense ratios for the privilege of these awful returns - talk about 'adding insult to injury...' Some are contrarian or sector funds, but some don't appear that unusual.
 Quote:
Nerd Wallet listed what it considers to be the 12 worst-performing mutual funds based on fees and performance. They are (with five-year annualized returns and net expense ratios):- Oppenheimer Commodity Strategy Total Return, -14.61 percent, 2.12 percent.
- Rydex Inverse Government Long Bond Strategy, -13.7 percent, 2.4 percent.
- Ivy Global Natural Resources Fund, -12.6 percent, 2.2 percent.
- Rydex Inverse S&P 500 Strategy, -12.06 percent, 2.42 percent.
- Federated Prudent Bear, -10.48 percent, 2.5 percent.
- DWS Gold & Precious Metals, -10.16 percent, 2.03 percent.
- ALPS/Red Rocks Listed Private Equity, -9.45 percent, 3.28 percent.
- Goldman Sachs Emerging Markets Equity, -8.84 percent, 2.51 percent.
- DWS Latin America Equity, -8.74 percent, 2.53 percent.
- Dreyfus Emerging Markets, -8.42 percent, 2.57 percent.
- Rydex Precious Metals, -8.27 percent, 2.26 percent.
- AllianceBernstein International Value, -8.07 percent, 2.17 percent.
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'Dirty Dozen': Singling Out 12 Worst Mutual Funds
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-20-2013, 05:01 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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That's why they make the BIG BUCKS.
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_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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05-20-2013, 05:08 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: May 2008
Posts: 6,434
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Mercifully, I never heard of any of them. And positive that none of my stuff invested in them.
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There must be moderation in everything, including moderation.
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05-20-2013, 05:11 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Aug 2011
Location: West of the Mississippi
Posts: 16,709
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Several of those funds were among the few I could choose from in my 403b. 
Wasn't I a lucky guy! 
I got my 403b money out of there and into my Vanguard IRA as soon as I could. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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05-20-2013, 07:04 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Frankly I'm shocked I don't have something in each one!
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05-20-2013, 09:07 PM
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#6
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Recycles dryer sheets
Join Date: May 2013
Location: Western US
Posts: 225
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Fortunately I don't recognize any of those funds, even from the days when I didn't know or care about expense ratios.
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05-20-2013, 11:10 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 4,366
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I figured that and helpful broker advisors would be the main reason these jokes survived. Morningstar has a similar list every few years.
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05-21-2013, 01:47 PM
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#8
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Recycles dryer sheets
Join Date: Apr 2013
Posts: 98
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Frightening that two precious metals funds made the list. What did the managers invest in. recycled computer metals or aluminum foil?!?!?!?
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05-21-2013, 02:16 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
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Quote:
Originally Posted by killingme
Frightening that two precious metals funds made the list. What did the managers invest in. recycled computer metals or aluminum foil?!?!?!?
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Mostly they invest in stocks related to PMs like miners, not the PM itself.
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05-21-2013, 02:25 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
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Location: South Texas~29N/98W Just West of Woman Hollering Creek
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Quote:
Originally Posted by heeyy_joe
That's why they make the BIG BUCKS.
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Well at least 12 fund managers are doing well. 
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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05-21-2013, 04:27 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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How many folks do you think got talked into those wonderful funds? But I guess some have to be on the bottom.
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Wild Bill shoulda taken more out of his IRA when he could have. . . .
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05-21-2013, 06:03 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 20,654
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__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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