Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

The Revealing Truth About Funds, Mutual and Hedge

October 25, 2017 By Dick Young

A cartoon titled “The protectors of our industries” showing American “robber barons,” Cyrus Field, Jay Gould, Cornelius Vanderbilt, and Russell Sage, seated on bags of “millions”, on a large heavy raft being carried by workers.

Mutual funds have seen their heyday, which means they should begin a decades-long slow decline. Hedge funds have gotten away with savaging minimal investment acuity investors with a 2% and 20% fee basis for decades, and now have been exposed for the “Robber Barons” they are. The flight to reality is on. The hedge crowd figures to become an increasingly unpleasant scourge at tony suburban country clubs. Oh well, better days for a more enlightened investor lie at hand.

Back in 1989, with the benefit of inference reading and 25 years of on-the-ground experience in the international investment markets, I easily envisioned the carnage that lay ahead as I watched the mutual fund industry emerge into a virtual Jurassic Park. As the hedge fund crowd began reaping tabloid-style press, rather than the cloying adulation of old, I knew the game was up. It’s going to be unpleasant for mutual fund behemoths and income tax dodging hedge fund shysters, one and all.

Naturally, it’s going to take some time to sort through all the investment industry’s dirty laundry, but I project that Wall Street’s biggest brokers will feel the pinch hardest.

The financial markets’ cleansing broom will sweep a wide swathe. Engulfed in the “liquidation of the unsavory” will be the morass of financial industry leeches peddling packaged products like load funds and funds saddling the naïve with incomprehensible back-end 12-b1 suckers and all forms of deferred sales charges.

On the right side of the curve will be, as they always have been, and will be for the unmeasured future, old-line, white-shoe bank trust departments that have established family relationships going back decades, as well as austere family-run investment counsel firms specializing in personal attention, prudence and attention to detail. These firms will continue to welcome a thoughtful, seasoned clientele that expects nothing less than confidentiality and a balanced approach to preserving generations of family wealth.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • The Trouble with Balanced Mutual Funds and ETFs
  • The Problem With Mutual Funds Today
  • Avoid Buying Mutual Funds Doing This
  • Author
  • Recent Posts
Dick Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Latest posts by Dick Young (see all)
  • Dick Young’s Safe America: Chapter 1, Part I - January 19, 2021
  • Now Is the Right Time to Make Dividends Your Ally - October 9, 2020
  • Stock Market Investing for a Secure Retirement - September 25, 2020

Search Young Research

Most Popular

  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Do You Remember When NASDAQ Dropped by 82%?
  • The Power of a Compound Interest Table
  • Gavekal Chairman: Renewables Bubble is "Stupidest" Ever
  • The Highest Yielding S&P 500 Stocks
  • Don’t Be on Their Radar, Get Out of Debt Now
  • There's Always a Way Forward for Americans Like YOU
  • Overtaken By Nvidia, Intel Fires Bob Swan
  • Stocks: Are You Sticking Your Neck Out Too Far?
  • Democrats Eager to Get Back to Protecting the Rich by Ending SALT Deduction Cap

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • The Recklessness of Arnold Schwarzenegger
  • Warmongering Firestarters Victoria Nuland and Samantha Powers Back
  • Smith Family Robinson in Live Free or Die, NH
  • Dick Young’s Safe America: Chapter 1, Part I
  • RCY’s Brand New Investing Program – 100% Swiss
  • Swiss Francs, a Store of Value
  • Insurrection Was the Furthest Thing from Trump’s Mind
  • Who Are Those Urging Violence?
  • Are $2,000 Checks Going to Rebuild NYC?
  • An Alert for Warm Weather, Wine Loving Mavens.

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Social Media

  • Facebook
  • Twitter
  • Youtube
  • Pinterest

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.