tag:blogger.com,1999:blog-5465015914589377788.post5947810102469557349..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Misleading Stock-Picker Performance StatisticsMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-10056509295021092522010-01-11T19:23:03.061-05:002010-01-11T19:23:03.061-05:00Retirement Investing Today: I think your approach...Retirement Investing Today: I think your approach makes a lot of sense.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-66350984400853476032010-01-11T17:59:32.806-05:002010-01-11T17:59:32.806-05:00I don't believe in stock pickers. I see plent...I don't believe in stock pickers. I see plenty of advertising but ignore them all. I believe over the long term the best way to go is to track the index. It's ETF's and and index linkers whenever possible for me ensuring I keep fees to a minimum.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-35662746854971716402010-01-11T08:27:02.034-05:002010-01-11T08:27:02.034-05:00Gene: I like the point made by Bogle at the link y...Gene: I like the point made by Bogle at the link you cited about mutual fund reporting dollar-weighted returns. This would take care of return distortion from fund incubation.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-3229313991569897272010-01-11T01:21:21.877-05:002010-01-11T01:21:21.877-05:00I have seen similarly distorted stats, but I didn&...I have seen similarly distorted stats, but I didn't realize how easy it was to get such disparate return calculations.<br /><br />A friend told me he was looking at his mutual fund statement and could see the return the fund calculated far outstripped his results. Surprised, he called the fund company for an explanation. He said the explanation was so ridiculous, it disgusted him. I wish I knew what the methodology was.<br /><br />Here's an interesting article addressing similar issues. Might be worth a read, or at least a skim:<br />http://www.canadianfundwatch.com/modules.php?name=News&file=article&sid=41genehttps://www.blogger.com/profile/05608927986297939720noreply@blogger.com