The on going thoughts & musings (sometimes random, sometimes not) of Lumen Capital Management,LLC.
Morningstar, a firm that tracks mutual fund performance is reportedly saying today that the average year to date return for over 10,000 mutual funds is -44%. It further says that no funds are in the black for the year. I haven't verified if this is all correct. I will try to find it out. But that's just a stunning indictment of the mutual fund industry if true.
posted by CR English at 8:17 AM
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