Pimco Bond Guru Bill Gross : Re: Pimco Allowed Market Timers !!!!
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» lcha - Re: Pimco Allowed Market Timers !!!!
In response to message posted by Kirk:If these allegations prove true, Bill Gross is even stupider than Martha Stewart. Is there no end to the greed of these people? It almost seems like some kind of compulsive greed disorder. Why else would one risk entire careers and reputations on paltry gains? Viewed as a phsyciatric greed disorder, it makes sense.
No Kirk, you are not the only one getting sick of all this. If one is losing 0.28% through market timers on a $1 Million mutual fund portfolio that is $2800 a year. Much more than a few lunches.
After getting screwed by the bankers in the late 8o's and the brokers in the late 90's, mutual funds were one of the small guys last hope.
In the end there is only ONE WAY for the small investor to voice their displeasure with these unfair practices. Pull their money out of these corrupt funds. ALL of it. On principal, without regard to financial consequences. It is the ONLY WAY to help fix the system.
-- posted by lcha
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