1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
10qk

Kenneth Fisher: I Still Hate Funds

January 15, 2006 | About:

Not long ago, Ken Fisher wrote a column about the problems with annuities. This time it's mutual funds. The problems: Over the long term the average fund in pretty much every category has fallen short of the S&P 500 index or whatever other benchmark is relevant. Next problem: costs. The average expense ratio for the U.S. equity funds tracked by FORBES is 1.23% a year. The third problem: taxes. Funds cannot pass through losses to their shareholders. He suggested 53 stocks in 2005, including stocks re-recommended from 2004, and they collectively were up 14.3%, after a hypothetical 1% transaction haircut on new positions.

He tends to recommend foreign stocks these days: Switzerland's Converium Holdings (6, CHR) is a dirt-cheap general insurer operating in 60 countries. Britain's Lloyds TSB Group (36, LYG) is a bargain at 12 times the earnings and 20 times the dividend. The world's largest steelmaker, Holland's Mittal Steel (28, MT). Finally in the U.S. Parker-Hannifin (72, PH).

http://www.forbes.com/opinions/free_forbes/2006/0130/120.html


Rating: 1.5/5 (8 votes)

Comments

Please leave your comment:


GuruFocus has detected 7 Warning Signs with Parker Hannifin Corp $ph.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by


User Generated Screeners


sectikBBS
WellrossMICROCAP NCAV DABLE
WellrossNCAV micro/RF TRADABLE
psinghppmsell_cbitda_bv_ftr
samahajoeBasic Materials
infoNetherlands
clemclem_99GuVGain3relaxed
Wellrossxyzideas
WellrossManual of ideas4
WellrossManual of ideas3
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK