The Problem Lies Within

We are now coming close to the end of a year which has not seen any sustained period during which investors could be relaxed or happy, or be looking forward to whatever is happening to their investments. Mutual fund investors, in particular, have been looking for advice and reassurance. This is expected. They feel that with the equity markets doing so badly, the affect on their investments must be bad. This isn't actually true. I mean, certainly people's investments haven't made too much money, but the reason is not what they think it is. The reason is mismanaged (or unmanaged) and overly complex investment portfolios. My impression is based on the portfolios that are sent to Value Research for the ET Now show as well as for the 'Ask Value Research' feature on ValueResearchOnline.com. Here's an outline of one typical portfolio. The total

This article was originally published on November 14, 2011.