Graph Paper

In the 1940-Fred Swedish and provided a simple question in his famous book - Where are the customers' yachts?

He found that all the stock brokers, investment advisers and fund managers had yachts, but what about the customers? Where were their boats?

If have you ever wondered why your broker or mutual fund manager you never make money this article is for you!

As applicable today as it ever was!

Both witty and entertaining, this book sets the folly and hypocrisy of Wall Street. The book also contains brutally honest look at a world in which brokers rich, while customers go bankrupt and it is still true to day!

90% of fund managers under perform

So why the bulk of investment managers make money for themselves when the reality is 90% of investment funds can not do better than the stock market index?

The answer is simple and just as true today as in the 40s, when the book was published:

1.Investment executives are big sellers and convince you with clever marketing material on their expertise and how they can do better than you and most investors simply believe that they know best.

2.The large part of the investment managers simply the best funds they have forgotten to tell you about all those who have no money. Just choose the best and, finally, that dives and the next one.

3.They not make money make money in most cases. They earn money from fees and their sometimes very large. The management fees and make money, a conflict of interest!

Most the time of the request, charges is detrimental to client gains - These fees pay for the broker yachts.

Choosing a manager to perform

That's not to say that you can not find good managers there are some, but you must to hunt them and there are many do earn money by providing a different approach:

Rather as the paying agent handling fees you have confidence to be paid benefits, they deal with derivative products and give representatives track records of all funds under management.

The of traditional way is not working as this quote neatly sums up the problem:

"It is amazing how well Swedish book, having fifty-five years. About the only thing that's changed on Wall Street is that computers have replaced pencils and graph paper. Otherwise, the fundamentals are the same. Investors need to believe someone by the financial adviser to the need to maintain a good life. If one of them must be disappointed, it is bound to be the former " .

John Rothschild, author, A Fool and his money, financial columnist, Time magazine

There are many hungry managers see as the possibility of free services fees and interest as the same as the customers - Making money.

They may not do so , But at least they are with confidence and an approach that can lead to big gains for the customer rather than mittelmaig performance.

Targeting 30 - 50% annualized gains

Many these managers produce 30 - 50% annualized gains. Simply follow the above advice on how to search for them and read - Where are the customers' yachts?

Its investment remains a classic and is today as it ever was and will inspire you to cover other than the traditional distribution led Asset Management groups.

More FREE Information

For more free information on mutual fund performance and information on a trading system producing outstanding performance for investors visit our website:

http://www.gann.co.uk

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