The McMutual Fund. Fries And A Funky 5.75% McLoad.

NOVEMBER 25, 2017. When homo sapiens achieved an upright stance and looked about they spotted the new sparkling mutual fund. Fabulous. One-stop-shopping had come to the investing realm.
Crowds huddled-in on the magical Magellan Fund, run by Peter Lynch. Millions enjoyed, well millions Mcdonald’s style. Suddenly diversification came in a single bag, along with superior performance.
Scads of flimsy funds sprouted. But soon fees also came in bags, along with savage under-performance. Any former glory vanished, leaving the space a cracked weed-riddled parking lot.
Investors play to be paid. They soon enough realized that they weren’t being paid. Now here’s the rest of that story.

Read more