Too bad Wall Street can’t cut us a break.
Or maybe it can.
Thanks to a farsighted fund manager, the good news is that you’re able to enjoy a free lunch after all. Literally.
The Baron Funds Event: Now Appearing at the New York Met…
A few weeks ago, I joined 4,000 other investors at the Metropolitan Opera House in New York City for the annual event that Baron Funds hosts for its shareholders.
It’s a cross between top-notch investment advice from America’s leading CEOs, plus A-list entertainment from singers and comedians – all for free. Including lunch.
For example, we listened to some great advice from CEOs of companies that Baron Funds has recommended. Among them were Tom Pritzler, chairman of Hyatt Hotels Corporation(H), and David Zaslav, CEO of Discovery Communications (DISCA). Previous speakers have included Steve Wynn, founder and CEO of Wynn Resorts (WYNN) and the brainchild behind the “new” Las Vegas.
Then it was onto a top-quality lunch, where we were asked to choose between an entertainer from two genres – either “rock and roll” or “rhythm and blues.” Neither person was announced in advance, but the rock-and-roller turned out to be John Mellencamp, while the rhythm and blues singer was Diana Ross. The grand finale was another “surprise” guest – Bon Jovi. Investors of all ages loved it and everyone left with a smile on their face.
Past entertainers have included Jerry Seinfeld, Billy Crystal, Elton John, Billy Joel, Bette Midler, Sheryl Crow, Neil Diamond, Rod Stewart, plus The Eagles and The Beach Boys.
So who’s the brains behind this operation? And how do you get on the guestlist?
If You Want to Invest in Real Estate, Go Commercial
Ron Baron, founder of the Baron Funds in 1982, is the creative genius of this annual event, signing up all these CEOs and entertainers to appear at no cost for the attendees. It must cost him several million dollars to do it each year, but it’s his way of giving something back to Barons Fund shareholders – and providing valuable investing insights at the same time.
During the roundtable discussion with several Barons Fund managers and Ron Baron himself, for example, they revealed that while the U.S. housing market is still in the dumps, commercial real estate is making a comeback.
So how do you get a ticket to this incredible event? Simple…
How to Get on the Baron Funds Guestlist… And What to Buy
Become an investor in one of the Baron Funds and you’ll receive an invitation to the event in the mail. That includes the top investment advice and entertainment, plus lunch.
Is it worth a couple grand to invest in the Baron Funds? Absolutely. They boast great success over the long-term.
They generally hold stocks for five years or more, doing bottom-up research on individual growth companies that are undervalued and well-managed. The fund managers visit companies, interview executives, speak with employees and talk to competitors.
As for the best funds…
Baron has several top-rated funds, most of which have a four- or five-star rating from Morningstar.
I recommend the Baron Growth Fund (BGRFX), managed by Ron Baron himself. It boasts a five-star rating, and is beating the broader market this year.
Four-star funds include the:
Baron Assets Fund (BARAX),Baron Small Cap Fund (BSCFX),Baron Opportunity Fund (BIOPX).[/list]You can buy these funds directly from www.baronfunds.com, or through a discount broker. And I’ll hopefully see you at the annual Baron Funds event in New York next October.
Good trading – AEIOU,
Dr. Mark Skousen, Contributing Editor