QUOTE(howszat @ Aug 13 2012, 11:02 PM)
Some things to note:
(1) Good agents are rare
(2) Good and Committed agents are even rarer (if they exist, we would not need the rest of those salesmen/women)
(3) If you make a loss, that's your problem
(4) Sales charge are higher than EVERYONE else
(5) PM performance lost out to other fund managers in ALL categories. It's the biggest, but cannot manage to win anything in any category. It's just like going to the Olympics and claiming you have the largest number of Bronze, but no Silver, and no Gold. And yet charge the highest fees.
Question: why should anyone invest with PM?
I'm open to ideas why I should not move to other channels which offer better performing funds at lower costs? (1% compared to 5.5%)?
well said(1) Good agents are rare
(2) Good and Committed agents are even rarer (if they exist, we would not need the rest of those salesmen/women)
(3) If you make a loss, that's your problem
(4) Sales charge are higher than EVERYONE else
(5) PM performance lost out to other fund managers in ALL categories. It's the biggest, but cannot manage to win anything in any category. It's just like going to the Olympics and claiming you have the largest number of Bronze, but no Silver, and no Gold. And yet charge the highest fees.
Question: why should anyone invest with PM?
I'm open to ideas why I should not move to other channels which offer better performing funds at lower costs? (1% compared to 5.5%)?