Watch the fund performance on the next "selloff" in the markets. It will get blown back 25% in a week. Been grinding back and forth now for 3+ years, not making investors any money.
They are heavily weighted in Currency and Gold. I got lucky and traded "B' Shares a few years back from 2003- 2005 for a 37% profit. I did suffer a 25% drawdown at one point, so it is not for the faint hearted. It bounced this week a little. el surdo
If you look at their performance chart for the last 3 years you can see there's only one guy making money: Baha! 5% annual base fee for this dog of a fund. Insane.
Wow, up 28% net since the first of April! Sell Mortimer, sell! Wait for the next 20% dip. What does John Henry have to say about this?
Why would the fact that there are m0r0ns in the world 'p!ss me off'? I've long since accepted and understood this state of affairs.
Thanks Maverick. Been buying more every month since the March bottom, albeit with much smaller amounts. If I was a trader, I'd lock in some profits at this level but I'm more of an investor and am still working on building a full position.