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nothing wrong with most of them ...
remember, return on say 50k going to 100k is 100% - easy.
but, return on say 2 billion going to 4 billion is also 100% - but hard,
assuming even with very powerful always win trading system, the fund
cannot at any single instance buying 100000 sp contracts and then dump
all of dump 2 pts higher :) so, they must diversify into different type
of markets, not just 1 single stock market.
those wonderful ads are for small guys and poor who intended to get rich
quick and do not mind to blow them all quick too :)
why some equity fund doing great - same reason, they are taking the
ultimate risk of "investing" (better term is "gambling") 90% of the fund
into high risk stocks and hoping the general direction of the US stock
market
(which is up) will take them up up away. so, the equity funds are in fact
way more high risk than most of the future funds ... if you do not mind
one day when you wake up and lose it all ...
-Lawrence Chan
----------
> From: Canyon678@xxxxxxx
>
> Going through Aug. 1999 issue of Futures (page 72) "Public Funds returns
" I
> was astounded that only 3 funds returned more than 10 % for the whole
year
> from a universe of 150(approx) funds tracked. There were some reputed
names
> as managers ., Dunn, Campbell , John Henry, Sunrise, Dean Witt, Abraham,
> Rabar, Druz etc.
>
> The Barclay index on page 20 has the same statistics.
>
> Going through the same issue, I found some wonderfull advts. for systems
,
> indicators...
> ASCTrend ( 12 k in 2 weeks, inside cover )
> Ruggiero ( 70 % profitable trades, 90 k profits trading 1 cont. page 6)
> G. Angell ( 5 k to 700 k in 18 months page 10)
> Wilder ( Hidden order , opp. page 14)
> Grandmill ( 100 to 240 % annual returns , page 20)
> Abberation (70 k profits last year , page 50)
> etc.
> The advt.s in the last pages (85 to 89 ) are ridiculous . They make
better
> reading than the "National Enquirer/Globe".
>
> Wonder, If the well capitalized managers are missing something.
> If only 10 % of the people are winning, who / where are they.
>
> That doesnt seem to be the case with equity Mutual funds. If you pick
> carefully, they have a decent return.
>
> Mike Verma
>
>
>
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