Putnam Funds
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[quote=ezmoney]
surely if you find mutual funds fees unconscionable, you must manage money for free.
[/quote] Yeah EZ, haven't you heard? There's a group called "Brokers Without Borders" and they'll manage your money for free.[quote=ezmoney]
surely if you find mutual funds fees unconscionable, you must manage money for free.
[/quote] By your logic, if one doesn't use mutual funds or charge a fee, one must be working free of charge. I don't know where you were educated, but you should get your money back. It clearly didn't work.Anybody thought of individual stock and bond broker? It’s old school, but can still be done.
It's the sales charge AND the expenses. It was different in the day when one fund could clearly be superior to another, but today one fund manager knows nothing that the others don't know. Of course, there was a time when mutual funds paid 8%.You find mutual fund fees unconscionable? Is it the sales charge or expense ratio? What do you use instead? Just wondering//
[quote=Eyetattoo]So Philo…do you charge a management fee? If not what is your method for getting paid?
[/quote]
[quote=Philo Kvetch]Are you in the brokerage business, Eyetattoo? If
so, then you should know how brokers get paid. I don’t do anything
different.
In a different thread few months back philo said his company charges a management fee because its in the best interest of his clients. Looks like he has reached "yoda " level since then, he speaks in riddles which either makes him a genius or an idiot. I vote for idiot based on most of his other posts, he had his ass handed to him while debating devils advocate/putsy, which is why he keeps his post to one or two sentences now.
[quote=Philo Kvetch]Are you in the brokerage business, Eyetattoo? If so, then you should know how brokers get paid. I don’t do anything different.
[/quote]Well you either charge a management fee or not .....so how about you answer the question smart guy.And yes Im in the business.
[quote=Eyetattoo] [quote=Philo Kvetch]Are you in the brokerage business, Eyetattoo? If so, then you should know how brokers get paid. I don’t do anything different.
[/quote]Well you either charge a management fee or not .....so how about you answer the question smart guy.And yes Im in the business.
[/quote] Well, then, you should know how brokers are compensated. Why is how I'm paid of so much interest to some of you? I'm clearly superior to many of you, but how can knowing how I'm paid make you a better person?
boy you’re soooo much better than us, and obviously very self absorbed. Commissions are fees also idiot.
Hey, you're the one that took us off on this tangent. I've just pointed out the very obvious. Commissions are commissions and fees are fees. There is a difference...call FINRA or the SEC if you don't believe me.boy you’re soooo much better than us, and obviously very self absorbed. Commissions are fees also idiot.
And that makes them the same thing? I can't follow your reasoning here, Ezmoney. Can you?they both incent the advisor to do things
And just why is that of any concern to you?you never answered the question. how are you compensated to manage assets?
And MY Dad can beat up YOUR Dad!
Philo is just trying to make you all look like idiots - and it's working! We all know all the ways we can get paid. Philo is just having fun at your expense, and laying it out for you would ruin his fun!Putnam number 1 in Barrons for 2009. Bob Reynolds (former fidelity executive) turning it around.
Do you work for them or something? This thread is 3 years old! Seriously though, I would not want to focus on the best fund family of 2009.
Putnam needs 10 years of solid, improved results before they have any serious turnaround. Although I think they are moving in the right direction. They might be building a niche for themselves with some fo the new products they have rolled out.