The big news last week and early this week was the abrupt departure of legendary bond fund manager Bill Gross from PIMCO. (For those who don’t bother to learn the names of mutual fund managers: Bill Gross was one of founders of the company, and he ran the firm’s Total Return fund for many years with very impressive performance.)
This event is the perfect example of the “management risk” that investors in actively managed funds have to deal with. That is, investors in the fund now have to decide whether they should follow the fund manager to his new fund, stick with the fund without the legendary manager, or do something else entirely.
Jason Zweig and Allan Roth discuss the situation (and accompanying lessons to be learned) this week:
- Should Investors Chase After Bill Gross Again? from Jason Zweig
- 3 Reasons to Sell PIMCO Total Return Fund Now from Allan Roth
- Sequence of Returns Risk: Safe Withdrawal Rates, Market Crashes, and Bad Decades from Michael Kitces
- The 7 Deadly Sins of Investing from Katie Brewer
- Shopping for a Deferred Income Annuity from Darrow Kirkpatrick
- Will Interest Rates Rise Next Year? And Should You Care? from Allan Roth
- Finding a Good Advisor from Jim Dahle
- Modern Portfolio Theory and Your Portfolio from Monevator
- Rebalancing: Sell High, Buy Higher? from The Finance Buff
Other Money-Related Articles
- How To Save Your Family $1,000s on Your Property Taxes from Curt Stowers
Thanks for reading!