replace siding vinyl siding cost hardie siding cook county siding installation cement board siding .. Chicago Drug testing

Good News?

As the man said, "I've got some good news and I've got some bad news. What do you want to hear first?" It was replied, "Tell me the good news first". The good news is that they are going to make some changes in the mutual fund industry reporting to help the investor and the bad news is it isn't going to make any difference in your bottom line.

It seems that us small investors are getting the usual window dressing to make it seem that we are getting a good deal, but when you go in the store to try on the merchandise it still doesn't fit any better.

Here is what the Securities and Exchange Commission passed as a new regulation for registered mutual funds. Instead of 50% of the Board of Directors being from outside the company they now must select 75% from outside the company. Can anyone tell me what difference that is going to make? The guys who own the fund will pick people who are friendly to their goals. Will they care any more for the investors than they do now? Window dressing.

One new regulation I do agree should help a little (but very little) is the requirement to provide more information to shareholders about their contracts with investment advisors and how they are approved. Big deal. The mutual fund industry said this will raise their costs. How? They have the information. All they have to do is add it to their prospectus. Also remember that the prospectus was written for the Dilbert lawyers at the SEC to meet the regulations and not to give you understandable information.

Do you remember what happened to your funds from 2000 to 2003? Most investors lost from 40% to 60% of their money. Let's hope they don't hire back those same analysts again, but they probably will. Just their contracts will be different. It is doubtful their results will change.

Furthermore these new fantastic, wonderful rules (sic) will not go into effect for 18 months. I guess as one of the 95 million mutual fund owners I will have to wait, but I'm not going to hold my breath.

What I did not hear from the SEC was that mutual fund managers should be paid on performance of how well they do with your money. Now they get paid by how much money they have or can get and keep in the fund. Sounds backwards to me. See if you can get your broker to refund all commissions if your fund does not make money. Don't hold your breath on this one either.

Eighteen months from now investors are going to feel a lot better when all that good news goes into effect. Yeah.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at and discover why he's the man that Wall Street does not want you to know.

Copyright 2005

In The News:


Even if you don't own any of their stock or... Read More

Pamplona, the Wild Investment Bulls

You remember (they show it on TV every year) the... Read More

Market Experience of a Na?ve Stock Operator

Sometime in the third quarter of 1997, someone told me... Read More


The stock market has been going up for more than... Read More

Forces that Move Stock Prices

Among the largest forces that affect stock prices are inflation,... Read More

Investment Attorneys and Garbage Stocks

How is it possible that trash Companies are posting less... Read More


When is a dividend not a dividend?The latest thing "conservative"... Read More

Investment Discipline

One of the great "secrets" of successful people is discipline... Read More

9 Deadly Trading Mistakes!

The following are a list of nine things you want... Read More


One of the great "secrets" of successful people is discipline... Read More

DIY Portfolio Management

Exchange Traded Funds (ETFs) are growing. Investors are choosing low... Read More

The Stock Market - Part 1: Believe It Or Not, Its Always Been Your Best Friend And Always Will Be

Regardless of the fact that the world's stock markets have... Read More

Lights of the Stock Market

There are red lights, green lights, blue lights and spot... Read More

The Value of Stocks of a Company

The debate rages all over Eastern and Central Europe, in... Read More

Investing in Stocks and The Game of Monopoly

To begin, you might look at playing the stock market... Read More

Bull or Bear?

Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More

Trading vs Investing

I often hear from people, "I don't trade. I invest.... Read More

My Neighbor Got A New Car

I don't know what kind it is, but I saw... Read More

Defining a Long-Term Investment in the Stock Market

For some "long term" would mean holding a stock position... Read More

Stock Insurance

You have a lock on your house. You have a... Read More

Play another Day

Money management starts with protecting your capital, realizing profits and... Read More

Making Outsized Returns in the Stock Market - Using the Dow Theory

The Dow TheoryCharles H. Dow... Read More

Market Globalization

Just 30 years ago the stock market was a shadow... Read More

Choosing a Stock Broker

If you were to find that you had some severe... Read More

KISS Formula

There are formulas for just about everything, but it has... Read More

street light bracket street lights kayne Pete's produce ..
street light bracket street lights kayne Pete's produce ..