Why Change Funds?

On November 17 I bought 7 different mutual funds and went to a 100% invested position. One of the funds I bought was Robertson Stevens Information Age (RSIFX) and it has made money as have the other six.

My readers know I don't recommend buying individual issues. Instead I let the best minds on Wall Street pick stocks for me. Yes, they have nice 6-figure incomes, but I can afford them because they do it for free. These market mavens are the managers of the best performing mutual funds. By best performing I mean they have increased share value more than 99% of all other mutual funds and there are 8,500 funds.

When I say "free" it means I don't pay any commission for their service. All I ever buy are the no-load (no commission) funds. Never pay commission for any mutual fund because there is no correlation showing that paying commission brings better results.

Back to RSIFX. On Feb 7, I noticed that RSIFX started to fall out of the top performance funds. The beginning of each month I review my funds to see if there is any need for a change; it takes me about 10 minutes.

Immediately I called my discount broker and placed an order to sell all shares of RSIFX and to put those funds into PBHG Select Equity (PBHEX) fund that was performing better. Good old RSIFX made me 34% which wasn't too bad for about 2 1/2 months, but it wasn't keeping up with the pack.

What happened? From February 7 to February 25 RSIFX went up 2%, but PBHEX went up 10%. That's 8 full percentage points over just 2 1/2 weeks which is a lot of money for a short period of time.

There is another plus when you use a discount broker. I paid zero, nada, nothing, not one penny commission for either the sale or purchase of either fund.

If you want to retire rich, well-to-do or comfortable you must watch your funds on a regular basis and make changes so you are always in the best performing funds at all times.

Al Thomas' book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter at http://www.mutualfundmagic.com and discover why he's the man that Wall Street does not want you to know.

1-888-345-7870; [email protected]

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Mutual Fund Update: Stocks that attracted fund managers in April 2019  Dalal Street Investment JournalIf we look at the March 2019 data, then the energy sector was the one that featured on top of the buying done by the fund managers. However, the story in the ...
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Here are 30 stocks that fund managers bought & sold in February  Moneycontrol.comEven the month of February witnessed the lowest inflow in equity mutual funds in the last 2 years. Only Rs 5122 crore of *fresh* inflows took place in equity funds.
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27-year-old rule changed: Disclosure limit on MF, stock investment up for bureaucrats  Economic TimesGroup A and B officials had to intimate government if total transaction in shares or MFs exceeded Rs 50K.
BJP’s Amit Shah has diversified stock investment portfolio; Rahul Gandhi prefers mutual funds  Economic TimesShah held shares worth Rs 17.56 cr as of March 22, while Gandhi has MFs worth Rs 5.19 cr.
Why do wealth managers recommend multi cap mutual funds?  Economic TimesMany wealth managers believe multi-cap funds are a good starting point for long-term investors, specially those using SIPs for wealth creation.
Top 8 most common mutual fund investing mistakes and how to avoid them  Business StandardMutual funds garnered Rs 8,022 crore of its assets by way of SIPs in December 2018, 29 per cent higher than the previous year | Illustration: Binay Sinha ...
Heres why investors should make index funds a part of their core portfolio  Business StandardWe often hear statements such as “Localisation is the key to success in India” or “What works in the rest of the world does not work in India”. These statements ...
Quantum Mutual Fund uses cash pile to buy stocks cheap  Economic TimesQuantum Long Term Equity Value Fund, where value investing is the pronounced fund allocation theme, has brought down the level of cash at its plan to the ...
Debt mutual funds with Zee exposure send investors into a tizzy  Economic TimesMUMBAI: Worries about the prospects of debt mutual funds holding securities of Subhash Chandra's Essel Group entities have resurfaced after Kotak Mutual ...
Equity funds record highest ever exposure in banking stocks in March 2019  Business TodayAs per the latest data available from the SEBI, overall deployment of equity funds in bank stocks grew around 52 per cent year-on-year (y-o-y) in the month ...
Large cap index mutual funds continue to outshine actively-managed large cap schemes  Economic TimesLarge cap index funds are outperforming the actively-managed large cap mutual fund schemes in the past one-year period. Kotak NV 20 ETF is topping the ...
Mutual fund houses push sell button on auto and construction sectors  BusinessLineBut stock up on IT scrips amid redemption pressure.
Fund managers raised stake in 194 stocks in Dec quarter. Is it a good idea to follow them?  Moneycontrol.comFund managers raised stake in as many as 194 companies in the December quarter as compared to the previous quarter. Stocks of some these companies have ...
Birla MF looks to parachute out of Jet Airways crashing stock  Business StandardBirla Sun Life Mutual Fund (MF) — the only fund house holding Jet Airways shares in its actively managed schemes — off-loaded Rs 13 crore worth of shares in ...
Private banks, oil & gas companies find favour among fund managers  Moneycontrol.comMoneycontrol News. The month gone by saw a notable change in sector and stock allocation of funds from the mutual fund industry. On a month-on-month ...
What Type of Mutual Fund Schemes Should You Invest in? Know Here  News18Equity funds are mutual funds which invest majorly in equity stocks of listed companies. They are considered to be risky but they tend to give higher returns in the ...
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Best aggressive hybrid mutual funds to invest in 2019  Economic TimesHere is the monthly update on our recommended aggressive hybrid mutual fund schemes. There are not changes to the list. All three aggressive hybrid mutual ...

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