Mutual funds
Jim Imholte exp. 12/90
I know this might be an ominous question seeing as the answers could
be many and varied but I have decided to put my rollover money into
a mutual fund family.
I am undecided so far between Vangaurd, Fidelity, and T. Rowe Price.
any input on these or others would be appreciated.
Also is there anyone out there who has read Charles Givens book "Wealth
without Risk" ? That is the most "understandable" info on mutual funds
I have come across but one question. In his stratagy he talks about
moving funds between stock,bond,mm based on prime rate with respect to
the "investors decision line" is this his own term or does it actually
mean something. If so he says it ( the investors decision line )
changes only once every few years. How do you know when it changes ?
He says if the prime is below it, it is a bull market. Is this an actual
calculation or something.
Sorry for so many questions but I thought input from "Joe Investor" would
be more valuable than anything else I could find.
Jim Imholte
Dave Carter
anybody have any comments on mutual fund newsletters? i have
subscribed to donahughe's moneyletter, and it has been fairly
successful, but i don't know how it compares with others, in terms of
performance. what newsletter has truly been the best performer?
to the person inquiring about t.rowe.price: their international bond
fund has been one of my best funds during the past 1/2 year. it has
yielded something like 26% since august(?) while stock funds have
plummetted.
- dave
Joel Bickford
>without Risk" ? That is the most "understandable" info on mutual funds
>I have come across but one question. In his stratagy he talks about
>moving funds between stock,bond,mm based on prime rate with respect to
>the "investors decision line" is this his own term or does it actually
>mean something. If so he says it ( the investors decision line )
>changes only once every few years. How do you know when it changes ?
>He says if the prime is below it, it is a bull market. Is this an actual
>calculation or something.
I have read Givens book and found it very ingeresting, however, I would
suggest you do some more studying before buying into his method. One book
that I would STRONGLY recommend (and have recommended before) is
_A_Random_Walk_Down_Wall_Street_ (1990 edition) by Malkiel who is an
economice professor at a major university (I can't remember which one).
Daniel Marc Solomon
>I have read Givens book and found it very ingeresting, however, I would
>suggest you do some more studying before buying into his method. One book
>that I would STRONGLY recommend (and have recommended before) is
>_A_Random_Walk_Down_Wall_Street_ (1990 edition) by Malkiel who is an
>economics professor at a major university (I can't remember which one).
Professor Burton Malkiel teaches at Princeton University. His
course on Corporate Finance (ECON 318, I believe) is
superb, from what students have told me.
I believe that his "Random Walk" theory is considered quite
accurate (as theory anyway) and it is rapidly gaining
airtime at all the major business schools as an extension
of Graham's Efficient Market Hypothesis.
D. Marc Solomon
Political Economy Program
Princeton University
DSOLOMON@PUCC
DSOL...@phoenix.princeton.edu
Jonathan Levine
>I have read Givens book and found it very ingeresting, however, I would
>suggest you do some more studying before buying into his method. One book
>that I would STRONGLY recommend (and have recommended before) is
>_A_Random_Walk_Down_Wall_Street_ (1990 edition) by Malkiel who is an
>economice professor at a major university (I can't remember which one).
Princeton.
I recommend Malkiel, too. He's very readable, even though his theory is
based on probability theory.
Jon
--
From the Oracle*Desk of: "Paradise is exactly like
Jonathan Levine where you are right now,
Oracle*Mail Development only much, much better."
500 Oracle Parkway, Redwood Shores, CA -- Laurie Anderson
Rajiv Malhotra
>
>I am undecided so far between Vangaurd, Fidelity, and T. Rowe Price.
>any input on these or others would be appreciated.
>
I have some experience with Vanguard and Fidelity, but none with
T. Rowe Price. The Key advantage of Vanguard over Fidelity is
there extremely low expense and no-load funds. In general,
Fidelity is low-load and average 4to high expenses. Both Vanguard
and Fidelity have some good and some bad funds. The funds I like
from Vanguard are Trustees Commingled International, World Growth
(both International), Sector - Health Care, Wellington (balanced),
Wellesley (INcome), Bond, GNMA and Prime (Money Market) funds. The
main thing lacking in the Vanguard family is a proven Growth
fund. Fidelity offers many more choices of funds and they keep
coming up with new ones all the time. Some of there funds that
have done well are Growth & Income, Puritan, Capital Appreciation,
Magellan, Overseas and Health Care. Personally, I do not think
that Fidelity has anything special to offer for the load they
charge. For a good domestic fund I would go with 20th Century
(Select or Growth), Janus (Fund or Venture) or Financial
(Industrial Income - good equity income type of fund).
Hope this helps.
--
Rajiv Malhotra ra...@mozart.AMD.COM
(512) 462-5270
Sameer Nadkarni
> >suggest you do some more studying before buying into his method. One book
> >that I would STRONGLY recommend (and have recommended before) is
> >_A_Random_Walk_Down_Wall_Street_ (1990 edition) by Malkiel who is an
> >economics professor at a major university (I can't remember which one).
>
> Professor Burton Malkiel teaches at Princeton University. His
> course on Corporate Finance (ECON 318, I believe) is
> superb, from what students have told me.
>
> I believe that his "Random Walk" theory is considered quite
> accurate (as theory anyway) and it is rapidly gaining
> airtime at all the major business schools as an extension
> of Graham's Efficient Market Hypothesis.
>
> D. Marc Solomon
> Political Economy Program
> Princeton University
Burton Malkiel is also affiliated with Prudential Corp. (I believe
as director) and seems to be quite well regarded in the "real
world". I read "Random Walk" and it was definitely time well
spent.
Sameer
Charles Packer
> I believe that his "Random Walk" theory is considered quite
> accurate (as theory anyway) and it is rapidly gaining
Not to be petty, but it's not =his= theory. It was around for some time
before him (I'm not sure how much time), but he certainly gave one of the
best expositions of it for the layman. I consider "A Random Walk Down
Wall Street" the best book on investing I've read.
Michael Zimmers
>I consider "A Random Walk Down
>Wall Street" the best book on investing I've read.
As do I. BTW, for the other old-timers who have Malkiel's earlier
editions, I just picked up his fourth edition (dated 1985), and it's
about twice the size of the third edition. Probably pretty necessary
reading, especially considering some of the stuff that went on in the
early 80s.
--
Michael Zimmers | please note:
| my email name is mikez not mike.
Jakob Nielsen
Zimmers) writes:
>In article <26...@dftsrv.gsfc.nasa.gov> pac...@amarna.gsfc.nasa.gov writes:
>
>>I consider "A Random Walk Down
>>Wall Street" the best book on investing I've read.
>
>As do I. BTW, for the other old-timers who have Malkiel's earlier
>editions, I just picked up his fourth edition (dated 1985), and it's
>about twice the size of the third edition. Probably pretty necessary
>reading, especially considering some of the stuff that went on in the
>early 80s.
>
investment book. I read the fifth edition (1990 or possibly 1989) which
comments on various events after 1985 (like the crash in 1987), updates the
various statistics, and covers recent theoretical work.
I must say that I found the book a little bit too un-mathematical for my taste
(Ph.D. in computer science), but that is probably necessary for the mass
market. And the references *are* available for anybody who feels like being
exposed to the full mathematical rigor of modern economics.