Investment manager questions

[jackdaniels]

Ok, hope im not getting to your nerves with all this mutual fund questiosn

Im actually looking to invest with Edward Jones. Now, my question is... How do you really make some research on the firm's money manager?
Mutual funds are basically managed by an "expert", but how do you really know that?
I mean, how do you actually compare his work to lets say another firm or another accont fund manager?
Thanks in advance

[Corey Bryant]

We met with one individual a few weeks ago. She gave us information and general statistics. We have one right now that we have been using for probably ten years or so and she is doing really great. (She actually started a new fund and within a week it was about about $3,000.) And her statistics have been great with us.

Ask questions and make sure you get answers. We met with one who was more of a life insurance agent, but offered mutual funds. There was a lot of questions she could not answer. And even though it was with a well known company, we did not feel comfortable with her.

And make sure the agent understands your needs and expectations.

[akula]

Ok, hope im not getting to your nerves with all this mutual fund questiosn

Im actually looking to invest with Edward Jones. Now, my question is... How do you really make some research on the firm's money manager?
Mutual funds are basically managed by an "expert", but how do you really know that?
I mean, how do you actually compare his work to lets say another firm or another accont fund manager?
Thanks in advance

okey dokey

you are waaaaay off in your understanding of what mutual funds are, what fund managers do, how they do it and how to compare fund managers

because you lack basic understanding of finance and funds management, you ask inappropriate questions (i.e. how to find a good stock picker), for which you're getting inappropriate answers (i.e. "make sure the agent understands your needs and expectations")

I'm advising you to print out and read these 12 ebooks (particularly book 5, which covers your specific question), or I will continue to tell you to go away because you don't understand concepts such as beta, sharpe ratio, Treynor ratio or alpha

because you do not undertand these words, you do not have the vocabulary to effectively compare and select fund managers

print the ebooks, read them and then you can ask questions such as "Is it possible to pick a winner out of a group of actively managed mutual funds?", or "Is it possible to pick winng fund managers?"

[jackdaniels]

okey dokey

you are waaaaay off in your understanding of what mutual funds are, what fund managers do, how they do it and how to compare fund managers

because you lack basic understanding of finance and funds management, you ask inappropriate questions (i.e. how to find a good stock picker), for which you're getting inappropriate answers (i.e. "make sure the agent understands your needs and expectations")

I'm advising you to print out and read these 12 ebooks (particularly book 5, which covers your specific question), or I will continue to tell you to go away because you don't understand concepts such as beta, sharpe ratio, Treynor ratio or alpha

because you do not undertand these words, you do not have the vocabulary to effectively compare and select fund managers

print the ebooks, read them and then you can ask questions such as "Is it possible to pick a winner out of a group of actively managed mutual funds?", or "Is it possible to pick winng fund managers?"

thanks!!, ill give them a read.
Its always better to be informed and better educated on this topics.
Thank you akula

[akula]

go for it son

excuse my rude melodramatics

I'm only trying to get your attention

i really hope that you can thoroughly read the links i've provided because they scientifically answer your question

e.g. Q: "How do I select a manager?" A: "[By comparing alphas]. Alpha is a risk-adjusted measure of the so-called "excess return" on an investment. It is a common measure of assessing an active manager's performance as it is the return in excess of a benchmark index or "risk-free" investment."

The concept and focus on Alpha comes from an observation increasingly made during the middle of the twentieth century, that around 75 percent of stock investment managers did not make as much money picking investments as someone who simply invested in every stock in proportion to the weight it occupied in the overall market in terms of market capitalization, or indexing.

[jackdaniels]

go for it son

excuse my rude melodramatics

I'm only trying to get your attention

i really hope that you can thoroughly read the links i've provided because they scientifically answer your question

e.g. Q: "How do I select a manager?" A: "[By comparing alphas]. Alpha is a risk-adjusted measure of the so-called "excess return" on an investment. It is a common measure of assessing an active manager's performance as it is the return in excess of a benchmark index or "risk-free" investment."

The concept and focus on Alpha comes from an observation increasingly made during the middle of the twentieth century, that around 75 percent of stock investment managers did not make as much money picking investments as someone who simply invested in every stock in proportion to the weight it occupied in the overall market in terms of market capitalization, or indexing.

i dont think there is a rude melowhatever you said.... When you are helping..

Again thanks and ill take a look. Im just pretty stuck with maaany things right now.
Ill make some time dough.