Photo credit: PaulSouthWales, “Love Padlocks on the Hohenzollern Bridge, Cologne,” Flickr Creative Commons By Jason Zweig | 3:43 pm ET Apr. 24, 2015 This weekend’s “Intelligent Investor” column looks at why more mutual funds don’t close to new investors. That question is a reminder of why the advent of the modern mutual fund, in 1924,...
Read MoreFunds: Knowing When Enough Is Enough
Image Credit: Christophe Vorlet By Jason Zweig | 12:50 pm ET Apr. 24, 2015 Mutual-fund managers like to say that investors pay them to make “the tough decisions.” But one of the toughest decisions a fund manager can make is the one most of them never take: to turn away more money. This past week, Vulcan Value Partners, a Birmingham, Ala.-based investment...
Read MoreExcited About the Nasdaq Record? Don’t Overpay for Stocks Again
Photo Credit: Steffen Ramsaier, Flickr Creative Commons By Jason Zweig | 5:03 pm ET Apr. 23, 2015 Investors weren’t wrong; they just paid too much to be right. That’s the lesson of the Nasdaq Composite Index’s 15-year slog to surpass the record high of 5048.62 that it first set on March 10, 2000. Before you get too excited over the booming stock market...
Read MoreBlackRock to Pay $12 Million Penalty for Failing to Disclose Conflict of Interest
Photo credit: Americasroof, Wikimedia Creative Commons By Kirsten Grind and Jason Zweig | April 20, 2015 6:21 p.m. ET Giant money manager BlackRock Inc. agreed to pay the Securities and Exchange Commission $12 million to settle claims that it failed to tell clients about a conflict between a fund manager’s private holdings and portfolios he...
Read MoreAre You Hot or Not? For Investors, It’s Hard to Tell
Image Credit: Christophe Vorlet By Jason Zweig |1:55 pm ET Apr. 17, 2015 For an investor, being proved right when others turn out to be wrong can build your confidence. It also should shake it. That is one lesson from the eye-catching performance of the Wasatch-Hoisington U.S. Treasury Fund. This portfolio, which holds the longest-term, riskiest Treasury...
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