If you're leaving a fund company, then it's in the works for a little while, ... The fund's returns are still enormous.
More Quotes from Russ Kinnel:
There's constant discussion about the Vanguard Index 500 Fund. If you say, 'I want a great index fund,' you think of the Vanguard 500 Index Fund. If you say, 'I want a great actively-managed fund,' there are many different names.Russ Kinnel
I'm disappointed. He's been running money for a long time at Fidelity and he's running a core fund.
Russ Kinnel
It has some financial stocks and some other non-growth sectors so it's not a pure (growth) play, but who cares It's a great fund and it's not going to blow up on you.
Russ Kinnel
For the most part, I think it's a good thing. I think funds should report every month. Some fund companies haven't taken advantage of technology to report information.
Russ Kinnel
Most agree that people should not rush to make changes to their mutual fund holdings. In general, it's just not a good idea to trade on emotion, ... Sit tight. The market once closed for four months after World War I, and when it reopened, companies continued to have value. The worst thing you can do is panic and sell.
Russ Kinnel
A lot of funds have grown so much recently that even after the sell-off, they are unable to adapt their strategy to a greater asset base. Also, I don't see any big trends in terms of new funds. There's just not a lot of them coming out right now.
Russ Kinnel
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