They just don't make sense for (small investors). They'll get eaten up by the commissions.
More Quotes from Scott Cooley:
A lot of shareholders are more educated about expenses. That's why they've been migrating to lower-cost fundsThey understand higher expenses come out of their own pockets.Scott Cooley
Some of the higher-turnover areas, like small blend funds and mid-cap growth funds, have a problem delivering comparable returns to their peers when too much money flows into the fund.
Scott Cooley
A mentality has set in that you should never get help with your finances. But some people would benefit.
Scott Cooley
Mid-cap and large-cap growth funds tend to have a lot of technology stocks and biotech stocks, and biotech stocks have really gotten pummeled too. It seems like there's been a flight from anything perceived to be risky.
Scott Cooley
To the extent that fund companies had operations in the World Trade Center, they typically have backup files, so there shouldn't be any problems. Beyond that, the question is what happened to key investment personnel, and the initial response seems to be good. Oppenheimer Funds had offices in that building, and most of their personnel seems to be accounted for. And all personnel from Salomon Smith Barney was evacuated from 7 World Trade Center before it collapsed.
Scott Cooley
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