It's a tough tradeoff between infringing on the individual manager and protecting the rights of investors, ... Managers have a right to trade. If you take away that right, they're going to quit.
People want services. They want to be kowtowed to, to be pampered.
One would hope that analysis would play a huge role in a manager's decision, ... But to what extent they use an analyst would be specific to the managers.
For the individual investor, it's going to require a lot more scrutiny. Just because it's a brand new fund doesn't mean you have to buy it. Just because a sector is hot doesn't mean you have to invest in it.
It's important to understand what the manager is doing. You should believe in what he's doing. All (investing) styles have dry periods.
Yes, advisers are there to do well for you, but if they can make a buck off of you they're going to.
It (diversification) is not a bunch of hooey, ... Are you going to be able to sleep at night if you lose half your portfolio?
Look at it. Make sure it's the one you want.
I think the most salient issue right now (in the industry) is how to make a buck.
For individual investors, the moral of the story is diversification. The top three funds are income funds. That says something. These are staid companies, with some bonds.
