Mutual Fund advice (encourage to participate)

[DOGS THAT BARK]

I see where Motley Fool had some positive input on ENI SpA ADR E today--will be giving the china stock also mentioned further review,

http://www.fool.com/investing/value....aspx?source=eptyholnk303100&logvisit=y&npu=y

 

[djv]

You know the more items I see and read from the fool. They have a strange name for the good info yu get. One of these days I might just order the hidden gem issues for the year.

 

[amhlilhaus]

i just looked at my ira online and my accountant has me in these. i have no idea what it means or what they are. no clue, he's been handling my port for years. now, on top of these ira things he's setting me up single k whatever that is. lol

RCVBX
OTGBX
OCHBX
QRABX
OGGIX
OIDBX
IGRWX
OMOBX
OMDBX
OREBX
QGRBX
OSVBX
OPSGX

Capital Appreciation B
Convertible Securities B
Capital Appreciation B
Champion Income B
Commodity Strategy Total Return B
Convertible Securities B
Global Opportunities B
High Yield B
International Diversified B
International Growth B
Main Street B
Main Street Opportunity B
Main Street Small Cap B
MidCap B
Quest Balanced B
Real Estate B
Select Value B
Strategic Income B

I used to sell mutual funds, let me tell you that guy is either a) screwing you or b) an idiot. he's got you in 18 different funds? what's up with that, he's never seen a fund he doesn't like? the idea behind different market caps and sectors is diversification, spreading your risk among asset classes, but that's flippin overkill. if you realize each fund might own close to 100-200 stocks, and a lot of them own the same ones, you'd be better off with a index fund, since that's what you're in essence getting. the idea behind actively managed funds (portfolio manager) is they can do better than their funds peers average. if some of those funds do that (check morningstar) then keep a few, but you don't need all those. my suggestion would be a small cap GROWTH fund, a large cap VALUE fund, a international fund (growth or value, blend) and possibly the real estate fund, not sure about the commodity fund or the bond funds, depends on your age. if you're less than 45 and not actively concerned with your investments, (not sweating over your funds being down 4% during a quarter) then maybe not have any bonds at all.

that's amazing. I hope you don't use that guy for trading stocks, I bet he has a hot tip every day.

churn baby churn.

 

[Doughboy]

My one choice would be ITHAX, which is the Hartford Capital Apprceiation Fund.

Great manager, long history, and phenominal returns.

I would also buy some closed end funds like AOD, which is the Alpine Total Dynamic Dividend which just went public last week and will pay a 10.25% dividend, and invests globally looking for yield from stocks globally. Also pays the distribution quarterly, and is good to re-invest back into.

 

[Glferboy21]

GABAX