Club Mulgoa

Thursday, December 01, 2011

Lazy investors but well-paid...

Just watch the fund managers today. These bastards are paid lots of money to invest for mums and dads. And all they do is to track the S&P indices for the top 50-200 companies. That means, whatever stocks you own that have been deleted or demoted from each list, the share price will fall (i.e. dumped) and any promotion into the indices means the share price will rise. The fund managers have to rejig their portfolio merely to reflect mediocrity. And lots of people pay them for doing this. Thank you dumbos! Someone has to pay for those bastards' upkeep of their lifestyle.

Of the stocks I bought recently, ALK and RMS should improve but it is not necessarily so because market sentiment is the most important in the short term.

0 Comments:

Post a Comment

<< Home