How to pronounce “mutual fund” in English

You think of most mutual fund companies, and it's almost like they're trying to fill the Morningstar style boxes.

uh in a mutual fund actually earned much less even when the manager did very well mhm so even from the Investor's

There's a mutual fund, a closed-end mutual fund, which means they sell an initial number of shares,

returns for mutual fund investors.

So it's like a mutual fund, except the number of investments is very small, and you control each one.

So the fees on an indexed mutual fund that you might buy from Vanguard or Fidelity might be five basis points a year.

And just by being a mutual fund, and passing along the cost savings you got, by aggregating all the customers,

So I started in the mutual fund, and that is the point where I said fortunately and unfortunately.

And when you look at mutual funds, the higher the turnover, they'll have less success than some other mutual fund only turning over 20%.

The average return of investors in mutual fund is a fraction of that.

There is a closed end mutual fund.

But there is a closed end mutual fund.

Then it goes into your mutual fund of your choice.

when you're in a mutual fund complex and there's a redemption of a fund it goes into the money fund.

The more you're paying for a mutual fund or an ETF, the more that drags on your performance.

The average return for a professional mutual fund manager or ETF manager underperforms the market, which gives us about 10% a year.

More than half of professional mutual fund managers underperform their benchmark each year, and that benchmark is about 10%.

Those transactions, at the mutual fund level, require something called reconciliation, which is basically people in an office somewhere pushing paper

So I reached financial independence by picking stocks and picking mutual fund managers-- active managers-- who could pick stocks or thought they could pick stocks.

Because the research indicates that the people who invest in a mutual fund under-perform

perspective I find it curious and yet you yourself run a mutual fund no I do not run a mutual fund a hedge fund right

I will give a 15 second definition of a closed end mutual fund-- they sell a fixed amount of money, and then the shares are traded.

You don't have to be a great stock picker or mutual fund picker to capture these returns.

And what this does is it breaks down all mutual funds and these are not just, these are actively managed funds, this is every mutual fund there is in the United States, and it divides them

So maybe Vanguard shaves a half a basis point in the cost of running a mutual fund.

Sell them the right stock, mutual fund, whatever.

I'm just going to leave the company and just make the mutual fund the primary business, because I was very excited about what was going on.

And they are conflicted in that when they suggest that you buy this or that mutual fund, what's

sort of little known is that they usually get a payment from that mutual fund company to put you in that mutual fund.

They're looking for the next hot stock or the next hot mutual fund or maybe uh looking for the next uh investment

The money market mutual fund takes their money and buys IOUs from other companies, industrial companies -- General Electric, IBM, Caterpillar,

And he said he would look around, and no mutual fund managers and no hedge fund managers were doing this.

I worked for David Tice who is the manager of the Prudent Bear Fund which is the largest mutual fund in the space

out of stock markets and bond markets at the wrong time, buying mutual funds and selling their mutual fund shares at at

the charts, what I've done here is taken a look at every mutual fund that existed in

There's so every mutual fund that existed.

we're interested in we uh are invested in a company called coester which is creating a peer produced um mutual fund

And to put some numbers to that, let's take a look at professional mutual fund managers.

Net of fees and taxes, less than 1 in 10 mutual fund managers beat their benchmark.

And to put some numbers to that, let's take a look at professional mutual fund managers.

So the interesting thing I find about private equity as opposed to, say, a mutual fund is that the investors have a much longer time horizon.

Because we can aggregate, do it in a no-cost way, pass the savings on to you, and we will be better than the average mutual fund.

The second point of failure that we face is we suddenly are comparing our returns of our investment strategy or our ETF or our mutual fund with its benchmark,

I wrote it in 2011, so it talked about the decade 2000 to 2010-- looked at the best-performing mutual fund, a study of the best-performing mutual fund for that decade.

But one of the hedge funds I work with, a brilliant man-- it's actually a mutual fund.

because the market eventually went down 45%, the average stock went down 75%, and my mutual fund started falling apart.

So I would, for example, I would get to interview Peter Lynch or Jeff Vinik who was managing the biggest mutual fund in the world

Where the trust company"-- which, of course, today we would think of as a mutual fund company or maybe a broker or an investment bank-- "may have to combine its

Since the founding of the company, Don has been awarded the 1994 Portfolio Manager of the Year award by Mutual Fund Letter.