There will be much talk about how the market (S&P 500)closed at an all time high on last Friday. That’s yesterday’s news. Let’s take a look at the week ahead. April 1: The market has had an great run. Let’s hope April Fools Day doesn’t extend to the investing public. This interesting tidbit from my friends at BTIG shows that the first of April has been a winner 75% of the time. April 1st North Korea bluster. What does it … Read more
by: Dr. Osman Gulseven In a recent article, I discussed the top holdings in Morgan Stanley’s portfolio. According the latest 13F filings, Morgan Stanley’s (MS) year-to-date performance was mediocre and below the S&P 500 (SPY) return. The investment banks mutual funds have been lagging behind the market since the last decade. The mediocre performance of investment banks portfolio shows that they take hard-earned money and invest in under-performing assets. They also charge management fees and hidden costs such as front-end/back-end loads, plus commissions you never heard of. Some companies charge up to 3% in management expenses. I was checking which funds … Read more