March 13, 2005
Two cents fee on mutual fee traders seems reasonable. But do Mutual funds, have the right to gamble with Investors money by lending the securities to brokers or their friends by accepting the worthless securities or securities whose value will go down as collateral and to sell or buy put or calls when funds objectives prohibit it?
I invested in a mutual funds ofa well known Mutual Compnay but the portfolio value depreciated since it went public, and Funds managers started playing risky games getting involve in lending securities to others. Its my belief those funds manager did not loose a dime but made millions of dollars for themselves. If you like to know more I can provide you the games these Mutual Managers have been playing.
Mutual funds investment is suppose to be very conservative investment.