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Would Owning A Mutual Fund Be A Better Approach? “Ignorance Is Sometimes Bliss.”

Would Owning A Mutual Fund Be A Better Approach? “Ignorance Is Sometimes Bliss.”. A Closer Look at Heebner’s CGMFX Fund. Source: Morningstar Analytics, 1/31/14. Source: Morningstar Analytics, 1/31/14. Source: GuruFocus.com. Source: GuruFocus.com. Source: GuruFocus.com.

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Would Owning A Mutual Fund Be A Better Approach? “Ignorance Is Sometimes Bliss.”

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  1. Would Owning A Mutual Fund Be A Better Approach? “Ignorance Is Sometimes Bliss.”

  2. A Closer Look at Heebner’s CGMFX Fund

  3. Source: Morningstar Analytics, 1/31/14

  4. Source: Morningstar Analytics, 1/31/14

  5. Source: GuruFocus.com

  6. Source: GuruFocus.com

  7. Source: GuruFocus.com

  8. Source: Morningstar Analytics, 1/31/14

  9. The Hidden Costs of Mutual Funds • Portfolio managers can rack up steep expenses buying and selling securities, but that burden isn't reflected in a fund's standard expense ratio. • Estimates show trading costs for stock funds totaling 2% to 3% of assets annually, though conservative estimates place them closer to 1%. • There are other costs, not reported in the expense ratio, related to the buying and selling of securities in the portfolio, and those expenses can make a fund two or three times as costly as advertised. • Four main components: brokerage commissions, bid-ask spreads, opportunity costs and market-impact costs.” Anna Prior (March, 2010). The Wall Street Journal

  10. Example: CGM Focus (CGMFX) Investment: $10,000 Source: PersonalFund, February 2014

  11. How About Another Top Performing Mutual Fund?

  12. Source: Morningstar Analytics, 1/31/14

  13. Source: Morningstar Analytics, 1/31/14

  14. Source: GuruFocus.com

  15. Source: GuruFocus.com

  16. Source: GuruFocus.com

  17. Source: Morningstar Analytics, 1/31/14

  18. Meridian Growth Fund (MERDX) Investment: $10,000 Source: PersonalFund, February 2014

  19. When we own a Mutual Fund We Can’t See What Is Actually Happening “Under The Hood.” We Only See The End Result. What’s more important, Chasing the Returns or Chasing the Process?

  20. Our Process STEP 1 STEP 2 STEP 3 • SCREENING • Seek out Fundamentally Sound Companies • MONTHLY • SCORING • Technical Trading System • Confirming Indicators • WEEKLY • EXECUTION • Monitor • BUY • SELL • LIMIT • On-Going

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