Global Funds: the Lazy Man's Portfolio?

Julius Baer International Equity Fund

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?

Larry of VA @ Jun 17, 2008 02:24:01 AM