I cannot, for the life of me, figure out why the entity that manages this investment fund has been given the credibility implied by this article. I am a day day trader. I do fairly well at that. As an experiment, I shifted all of one of my retirement accounts, 100% to the Julius Baer International Equity Fund JIEIX. That is the worst, I repeat, the worst large investment decision I have ever made. Ever. I have lost 20% since the start of this experiment, not adjusting for inflation. Checking the blogs, I am not alone in that statement. I am moving the remaining corpus, this week, to a Scottrade IRA that I can manage myself. As a starting position, will probably invest 100% in a well-rounded utility like Dominion Resources. That last sentence was worth more, as investment advice, than the sum of the intellectual capital embodied by Julius Baer. I have this question: How lacking must someone be, in terms of investment acumen, to qualify as an employee of Julius Baer?
U.S. News Money takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties.
Reader Comments
Back to blog
Larry of VA 2:24AM June 17, 2008