PatientCheetah Posted June 8, 2014 Share Posted June 8, 2014 What if market surprise to the upside? http://www.bloomberg.com/video/miller-sees-huge-upside-for-u-s-home-builders-_defjNtSTVWmOCD5qwYVog.html/ Negativism & cultural influence http://www.econmatters.com/2014/06/doom-gloom-sells.html#more Link to comment Share on other sites More sharing options...
Guest Posted June 8, 2014 Share Posted June 8, 2014 Never trust anyone who underperforms the S&P 500 over a 30 year period. ;) A $10,000 investment when Miller started LMVTX was worth $266,105.46. Pretty good. Unless you look at the S&P 500, which ended at $274,684.89. So, LMVTX underperformed with more volatility and before taxes. After taxes I'm sure it'd look worse. Probably not incredibly worse since I believe he didn't have super high turnover, but still worse. Link to comment Share on other sites More sharing options...
karthikpm Posted June 8, 2014 Share Posted June 8, 2014 2008-09 creamed Miller's performance. Morningstar's headline on the fund says it all "This fund's stomach-churning volatility limits its appeal. " I liked statement on FIATY- though that may just be evidence of confirmation bias on my part.. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now