Morningstar's Portfolio Manager Price Updating Concern ... ---- 312 posts on the MORNINGSTAR CONVERSATION FORUM --- 312 !!!!!!!
INCLUDING 44 IN AN " OPEN LETTER TO M* CIO AND CEO " as follows =
As discussed HERE, HERE, HERE and HERE, the recent crash of the Portfolio Manager is just another example of extremely poor System Testing and User-Acceptance Testing prior to deployment. M* does a lot of things right, but one thing they do VERY POORLY is follow a traditional structured IT lifecycle development and deployment process which would catch 95% of these issues before they affect their customers.
I honestly have never seen another company push out such "buggy" or error-prone code into a live customer-facing environment, and I have worked with dozens of organizations both large and small throughout my consulting career. This has been at least a quarterly, if not monthly occurence for YEARS and shows no sign of changing.
This is a leadership issue, not a technical issue, and has crossed from "mistake" to "problem."
If your IT folks have the authority to make changes to the live production environment without a sign-off first from some sort of business or marketing person, that's a problem.
A complete re-vamp of the pre-deployment QA / Testing process up to normal customer-facing marketplace standards should be underway, as measured by a sharp reduction in customer-impacting outages and post-deployment bug reports.
Ultimately, you're going to lose this Premium customer along with many others if this continues without any hope of systemic changes at the IT leadership level.
Please advise.
Gundlach 2015 Market Outlook Webcast @WallStreetRanterThank you for the followup.
I recall the beginning of the equity move in August of
1982 while dwelling upon numbers, and listening to discussions from The Nightly Business Report with Paul Kangas.
Regards,
Catch
Gundlach 2015 Market Outlook Webcast Just so everyone knows. His very popular chart about never 7 years of positive returns is not correct.
8 years
1982-
1989 and 9 years
199
1-
1999.
Just trying to kill the myth .
The Closing Bell: U.S. Stocks Rise As Energy Rally Offsets Swiss Fallout
Junkster give my $500 to charity
Morningstar Premium Subscription Pros & Cons ducrow, I find their premium membership of value, especially (for me) the premium search tool. BUT, I do not pay for the premium membership. I get it for free thru TROWE PRICE who will pay the fee for you IF you have $100,00 invested with them. I do via two 529 college savings plans.
Just another thought.
Matt
Was just about to add this. You also get M* research and tools at TDAmeritrade, and Schwab just started giving access to M* analyst reports for stocks.
I might pay for the something like what Josh Peters provides. Not so much the rest since you can get it elsewhere.
Morningstar Premium Subscription Pros & Cons ducrow, I find their premium membership of value, especially (for me) the premium search tool. BUT, I do not pay for the premium membership. I get it for free thru TROWE PRICE who will pay the fee for you IF you have $100,00 invested with them. I do via two 529 college savings plans.
Just another thought.
Matt
MFO, Per Dee Lee, lets one know, "when to sell those funds" From the article; "One more thing: A bit of history. The last major recession was 1973-1974."
I wonder if she has been sleeping under a rock lately? The comment about MFO is also head shaking.
Heads Up ! David Snowball Will Be On Chuck's Jaffe Money Life Show 1/20/15
MFO, Per Dee Lee, lets one know, "when to sell those funds" Morning Coffee,
Per Ms. Dee Lee, from the article related to MFO: "Also utilize the Mutual Fund Observer newsletter for research on funds.
They don’t tell you when to buy mutual funds but when to sell a mutual fund.If only it was this simple, eh? Buy whatever one wants and wait for MFO to indicate a sell signal.
Me thinks she does not grasp the intention(s) of the MFO site.
The full article containing other comments related to investing, is just below
.
WBZ, Dee Lee articleTake care,
Catch
