They continually update their forecasts so they can't lose. It's like
forecasting the final score of a ballgame, revising the forecast right up
to the final bell.
No newsletter can follow that many funds with any real knowledge of
what's going on at each fund.
If you want a newsletter, try Morningstar, or choose a fund family & use
a newsletter that follows that family specifically.
Steve Zimmerman
I seem to recall that just before the last big crash the MFF was heavily
invested.....I've read it from time to time, and IMHO it is uniformly
optimistic. I would be very interested to know what MFF has been
"predicting" during the past year with regard to fund returns, and how
that has compared with actual. I am skeptical.
Dave Roberts
I received several free issues of MFF during the 1st qtr 1994.
They were very bearish. In the Jan or Feb issue, they reported on the
crash of the utilities market (fall 1993) and they used that to predict
a major correction "soon". They also pointed out the dividend rate was
less than 3% and that foretold of a correction.
When I first read it I thought they were overly pessimistic, but I have to
say they were spot on. Their forecast for the S&P500 for 1994 is 1% over 1993.
Not satisified with publishing the Mutual Fund Forecaster and the Mutual
Fund Buyer's Guide newsletters, our friends at the Institute for
Econometric Research are launching a Mutual Fund Magazine!
Yes folks you heard right! A magazine dedicated soley to mutual funds
(a definite bearish signal if I ever saw one :)
Subscription rate is less than US$10 per year.
Tracy <mona...@cac.washington.edu>
Information Highway Worker
University of Washington
Seattle, Washington
Without going into details, they have been advising that investers be 50%
in cash because the market is overvalued. Their forcasts for even the
best funds has been very low for the next 1 and 5 years. They are now
recomending very low-risk funds.
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| Have a great day! |
| Mel....@LIMS.Lockheed.com |
| Double Teamer - TSE & OS/2 |
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