Some fund investors are paying extra sales fees

Over 150 mutual funds that are closed to new investors continue to charge extra fees for marketing, says Standard & Poor’s, an independent investment research firm. The notorious fees, known as the 12b-1 fee after the securities law section that regulates them, are supposed to be used by mutual fund companies to market their funds to the public. However, funds […]

Client Letter – Q4 2003

Happy New Year!  After reviewing my clients? performance reports, I am almost speechless (which is a rare occurrence)! This past year will surely go down in the record books as one of the best ever, especially for well-diversified investors. But, before we get too excited, let’s see if there is something we can learn from the events of 2003. Take […]