You better watch out, you better not cry, you better not have poor returns, I'm telling you why: Chuck Jaffe is coming to town.
That's right, it's time for the MarketWatch
mutual funds guru's end-of-year "lumps of coal."
The list, now in its 17th year, tells you which fund shops deserve nothing for Christmas this year, having landed squarely on the naughty list.
Part one of the list was published Monday, and included hunks of combustible carbon for:
— Grand Park Manage Futures
. This shop gets on the list for lack of transparency, making certain costs invisible to investors.
—The Patriot Fund
. This fund earns Jaffe's wrath for using terrorism and patriotism as marketing stunts.
. The Chicago research emporium is a target for not disclosing as much as they ask others to disclose.
— The Presidential Protected Profile
funds, for performing badly in an election year, a crime in Jaffe's eyes.
— Permanent Portfolio Short-Term Treasury, for losing money with non-volatile rates
— Any fund company that uses money funds within annuity products to create an allusion of returns, specifically the Vanguard Variable Insurance Fund
Read the original article here
, and check back next week for round two of Jaffe's lumps.
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