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  • Mutual Fund Managers Don't Invest in Their Own Funds!

    In my June 24, 2008 E-Letter, I wrote about a shocking Morningstar study that revealed that only 47% of mutual fund managers invest their own money in the funds they manage. As I wrote at the time, I suspected that the Morningstar study would result in more fund managers putting some of their own money in the funds they manage. But to my surprise, the numbers have gotten even worse!

    The latest Morningstar report finds that an incredible 51% of mutual fund managers have not a dime of their own money in the funds they manage. Frankly, I am stunned once again. Why over half of all highly paid fund managers have none of their own money on the line is beyond me, and I find it very troubling.

    I, on the other hand, have my own money invested in EVERY program I recommend to my clients. I would have it no other way. If I don't have my money on the line, why should I ask you to? Let's talk about it.

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  • A Shocking New Morningstar Study!

    Morningstar recently shocked the investment industry with a report showing that less than half of mutual fund managers invest their own money in the funds they manage. Since many investors naturally assume that their fund managers "eat their own cooking," it came as quite a shock to learn that most managers' interests were not aligned with those of their shareholders. This week, I'm going to discuss why an Investment Advisor's personal investment has always been a major requirement for me to recommend an investment program. Plus, I'll discuss other important information that you may not learn from an Investment Advisor unless you know to ask the right questions....