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Sorry, but this is a lame article. He found just 7 funds in M* database with 5* and that automatically qualifies them and prepares owners for the worst?
Does he understand anything about how any of the funds invest? The Putnam fund owns stocks with heavy debt.
Finally article ends with this incomplete gem of a sentence.
One caveat: The high cash positions of the seven funds could limit their gains if the stock market doesn’t suffer a correction or something worse. But that danger seems remote because there’s not a single problem for hundreds of mi —.
Why O Why do I know people out of work and these guys earn a living. Why ?!?!?!?!
I am not a fan of MarketWatch anyway, but this was so poorly done - both in research and in writing - that I am surprised it was even kept on the site. Really bad selections for the topic and very amateurish commentary.
"There are seven funds in Morningstar’s database that had at least 16.9% of their assets in cash as of their most recent update ... as well as the top rating, five stars, for long-term, risk-adjusted returns against other funds with the same investment objective."
This slicing and dicing using computer technology really has gotten out of control. Reminds me of some of the sportscasters nowadays: "This fella about to hit has batted .575 against all 6' or taller left handed pitchers he's faced with two or more runners on base during the 7th inning of all games during the month of July when the temperature exceeded 80 degrees and the wind was blowing from the SE."
(We want to be careful not to shoot the messenger. Ted posts some truly awesome stuff. He's batting way over 500 IMHO:-)
Somewhat brain-damaged article, yes, but at times when I've had $ to invest but thought the market was a bit frothy, I have looked for funds where (1) I respect management & their stock-picking process, and (2) they have a reasonable amount of cash on hand. Sequoia and Weitz Partners Opportunity both fit the bill for me.
Comments
Does he understand anything about how any of the funds invest? The Putnam fund owns stocks with heavy debt.
Finally article ends with this incomplete gem of a sentence.
One caveat: The high cash positions of the seven funds could limit their gains if the stock market doesn’t suffer a correction or something worse. But that danger seems remote because there’s not a single problem for hundreds of mi —.
Why O Why do I know people out of work and these guys earn a living. Why ?!?!?!?!
censored".This slicing and dicing using computer technology really has gotten out of control. Reminds me of some of the sportscasters nowadays: "This fella about to hit has batted .575 against all 6' or taller left handed pitchers he's faced with two or more runners on base during the 7th inning of all games during the month of July when the temperature exceeded 80 degrees and the wind was blowing from the SE."
(We want to be careful not to shoot the messenger. Ted posts some truly awesome stuff. He's batting way over 500 IMHO:-)
Regards,
Ted
Hilarious case in point: