Most mutual funds preach the virtues of long-term investing, despite the fact that most actively managed funds trade stocks at a frenetic rate. The average large-company blend fund, for example, replaces about 64% of its portfolio each year, according to Morningstar.
STOCKS: Can nothing stop the 'Teflon Bull' market?
But there's no particular need to hang on to a badly performing actively managed fund. Typically, a fund company judges a manager on his three-year record. There's no reason you shouldn't, either.
At least by the three-year test, there are plenty of large, poorly performing funds. The three funds with assets of more than $1 billion that have lagged their peers the past three years:
Top 5 Value Companies To Buy Right Now: TheStreet Inc (TST)
TheStreet Inc. (TheStreet), incorporated on April 2, 1982, is a digital financial media company. The Company provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels. The Company's subscription products include paid Web services, such as RealMoney, RealMoney Pro, Options Profits, Actions Alerts PLUS, Chat On TheStreet and Stocks Under $10. In addition to its subscription products, the Company�� premium services business also includes information services revenue from its RateWatch business, which maintains an updated database of financial rate and fee data collected from more than 90,000 financial institutions (at the branch level), including certificate of deposit, money market account, savings account, checking account, home mortgage, home equity loan, credit card and auto loan rates. In September 2012, it acquired The Deal LLC from Wasserstein & Co.
The Company's advertising-supported properties include TheStreet, Stockpickr, MainStreet and BankingMyWay. TheStreet generates advertising revenue from its content through the sale of a range of advertising placements, including banner, tile, contextual, performance-based and interactive advertisement and sponsorship placements in its advertising-supported Web sites, as well as on select paid subscription sites; advertisement placements in its free email newsletters and stand-alone emails sent on behalf of its advertisers to its registered users, and advertisements in its video programming, TheStreet services for mobile and tablet devices, RSS feeds, blogs and in its podcasts.
The Company competes with The Wall Street Journal Digital Network, CNN Money, Forbes.com, Reuters.com, Bloomberg.com, CNBC.com, Yahoo! Finance, AOL Money & Finance, MSN Money, CNBC, the Fox Business Channel, Standard & Poor's, Morningstar, Lipper, Informa and SNL Kagan.
Advisors' Opinion:- [By Adam J. Wiederman]
Getty Images Bitcoin made headlines last year when the value of all outstanding pieces of the electronic currency reached nearly $10 billion. It's not just speculators drawn to the new currency. Many businesses are also attempting to cash in on this growth: Several public companies, including Zynga (ZNGA) and Overstock.com (OSTK), accept Bitcoins as a form of payment. Venture capitalist Marc Andreessen's firm has invested nearly $50 million in Bitcoin-related ventures, and it is looking to invest even more. And the Winklevoss twins -- who notoriously accused Facebook's (FB) Mark Zuckerberg of stealing their idea -- have been "in dialogue" with the SEC about opening the first Bitcoin exchange-traded fund, according to Bloomberg. Yet a new survey from TheStreet.com (TST) reveals that 76 percent of consumers are not familiar with Bitcoin -- and 79 percent would never consider owning a currency like it. Does this signal opportunity for savvy investors? Or is this a fad you'd be wise to avoid? The Basics of Bitcoin Bitcoin is a completely unregulated form of currency developed by an anonymous Japanese programmer (according to some apocryphal claims) as a completely digital, peer-to-peer payment system that is independent of national currencies (which, Bitcoin users argue, are all subject to the riskiness of the underlying country). Bitcoins are rewarded throughout the day to a "Bitcoin miner" whose computer solves a series of algorithms quicker than other miners. The puzzles become more difficult over time, so the calculations take longer and the computations require more computing power. There will eventually be a total of 21 million Bitcoins (12.4 million are in circulation today) and we won't reach the point that they are effectively "mined out" until 2040. The value of a Bitcoin is supposed to be market-driven, meaning they're worth whatever the two parties in a transaction value them as. For example, in one of the original Bitcoin transactions, a "mi
Best Promising Companies To Own For 2014: San Juan Basin Royalty Trust (SJT)
San Juan Basin Royalty Trust (the Trust) is an express trust created by the San Juan Basin Royalty Trust Indenture, between Southland Royalty Company (Southland Royalty) and The Fort Worth National Bank. The Trustee of the Trust is Compass Bank. The function of the Trustee is to collect the net proceeds attributable to the Royalty (Royalty Income), to pay all expenses and charges of the Trust and distribute the remaining available income to the Unit Holders. The Royalty conveyed to the Trust was carved out of Burlington Resources Oil & Gas Company LP�� (Burlington) working interests and royalty interests in certain properties situated in the San Juan Basin in northwestern New Mexico.
Burlington is the principal operator of the Underlying Properties. A percentage of the Royalty Income is attributable to the production and sale by Burlington of natural gas from the Underlying Properties. The Underlying Properties are primarily gas producing properties. The Underlying Properties consist of working interests, royalty interests, overriding royalty interests and other contractual rights in 151,900 gross (119,000 net) producing acres in San Juan, Rio Arriba and Sandoval Counties of northwestern New Mexico and 4,015 gross (1,158.5 net) wells. Gas produced in the San Juan Basin is sold in both interstate and intrastate commerce. Gas production from the properties totaled 32,580,756 million cubic feet (Mcf), during the year ended December 31, 2012. Gas produced from the Underlying Properties is processed at one of the five plants: Chaco, Val Verde, Milagro, Ignacio, and Kutz, all located in the San Juan Basin. Gas produced from the Underlying Properties and processed at Kutz is being sold under three separate contracts with Pacific Gas and Electric Company (PG&E), Shell Energy North America (US), LP (Shell) and New Mexico Gas Company, Inc. (NMGC).
Advisors' Opinion:- [By Rich Duprey]
San Juan Basin Royalty Trust (NYSE: SJT ) announced yesterday its July monthly distribution of $0.080643�per unit, based principally upon production during the month of April.
- [By Aaron Levitt]
San Juan Basin Royalty Trust (SJT): Rising natural gas prices have been a boon to SJT as the royalty trust owns natural gas wells located in New Mexico. Units of trust are up around 30% this year on the back of these higher prices. Also up are SJT�� distributions. The royalty trust paid out 4 cents per share per month last year. This May, SJT paid 10 cents- a nice 150% gain in dividends. SJT currently yields over 6% based on the last 12 months of monthly dividend payments.
Best Promising Companies To Own For 2014: Nestle SA (NESN.VX)
Nestle SA is a Swiss Company engaged in the nutrition, health and wellness sectors. It is the holding company of the Nestle Group, which comprises subsidiaries, associated companies and joint ventures throughout the world. It has such business units as Food and Beverage, Nestle Waters and Nestle Nutrition. It is also active in the pharmaceutical sector. It divides its products into Powdered and liquid beverages, Water, Milk products and Ice cream, Nutrition, Prepared dishes and cooking aids, Confectionery, PetCare and Pharmaceutical products. In February 2011, the Company acquired CM&D Pharma Ltd.
Advisors' Opinion:- [By Michael Calia]
Post Holdings Inc.(POST) agreed to acquire the PowerBar and Musashi brands from Nestle SA(NESN.VX), further expanding the cereal maker’s position in the active nutrition category.
Best Promising Companies To Own For 2014: Allscripts Healthcare Solutions Inc.(MDRX)
Allscripts Healthcare Solutions, Inc. provides clinical, financial, connectivity, and information solutions and related professional services to hospitals, physicians, and post-acute organizations primarily in the United States and Canada. The company?s integrated clinical software applications include acute care electronic health records, clinical and practice management solutions, revenue cycle management software, clearinghouse services, stand-alone electronic prescribing, and document imaging solutions, as well as various solutions for home care, hospice, skilled nursing, and other post-acute organizations. It also provides electronic medical records software; practice management software; electronic claims administration services; related installation and training services; hosting services for its software and outsourced solutions; and information technology outsourcing services. In addition, the company also resells related hardware products. Allscripts Healthcare Solutions, Inc. is headquartered in Chicago, Illinois.
Advisors' Opinion:- [By Selena Maranjian]
Other companies didn't do as well last year, but could see their fortunes change in the coming years. Allscripts Healthcare Solutions (NASDAQ: MDRX ) , which�delivers electronic health records (EHR) products and services,�slid 20%. The company has been lagging its peers, it was a poor performer in 2012, and its latest earnings report wasn't too impressive. On the plus side, some of its insiders have been buying shares.
- [By George Putnam]
After a large acquisition, made in 2010, didn't work out as planned, Allscripts Healthcare Solutions (MDRX) put itself up for sale in early 2012. This created concern among its clients, and potential clients, and eventually led to the replacement of its long-time CEO in December 2012.
- [By Keith Speights]
Cerner's recent stock performance trounces that of other publicly traded companies, including Allscripts (NASDAQ: MDRX ) , Greenway Medical (NYSE: GWAY ) , and Quality Systems (NASDAQ: QSII ) . Only athenahealth (NASDAQ: ATHN ) gives Cerner a run for its money over the past year.
Best Promising Companies To Own For 2014: Stone Energy Corporation(SGY)
Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2010, it had estimated proved oil and natural gas reserves of approximately 473.9 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana with additional offices in New Orleans, Louisiana; Houston, Texas; and Morgantown, West Virginia.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Tuesday, energy shares were relative leaders, up on the day by about 1.41 percent. Meanwhile, top gainers in the sector included Stone Energy (NYSE: SGY), up 9 percent, and Westmoreland Coal Co (NYSE: WLB), up 7.8 percent. Industrials services shares gained by just 0.02 percent in Tuesday's trading. - [By John Udovich]
Yesterday, small cap Energy XXI (Bermuda) Limited (NASDAQ: EXXI)�announced a deal to acquire�EPL Oil & Gas Inc (NYSE: EPL) to create the largest publicly held independent oil producer on the Gulf of Mexico shelf, meaning it might be a good idea to look at other small cap Gulf oil stocks like W&T Offshore, Inc (NYSE: WTI), Stone Energy Corporation (NYSE: SGY) and Contango Oil & Gas Company (NYSEMKT: MCF). Energy XXI�� CEO John Schiller has talked about the details of the acquisition�with Jim Cramer on CNBC's "Mad Money" and he noted that��EPL Oil & Gas offers areas of expertise that EXXI currently lacks. However, investors who missed out on�yesterday�� 29% surge for EPL Oil & Gas�may want to check out these other small cap Gulf Oil stocks:
- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Tuesday, energy shares were relative leaders, up on the day by about 1.41 percent. Meanwhile, top gainers in the sector included Stone Energy (NYSE: SGY), up 9 percent, and Westmoreland Coal Co (NYSE: WLB), up 7.8 percent. Industrials services shares gained by just 0.02 percent in Tuesday's trading. - [By John Udovich]
While the Bakken formation is already on most investor radars,�few American investors may realize that the formation stretches North into the oil and gas rich Canadian province of Saskatchewan where�stocks like Surge Energy Inc (TSE: SGY), Questerre Energy Corp (TSE: QEC), Crescent Point Energy Corp (TSE: CPG), Keyera Corp (TSE: KEY) and Centor Energy Inc (OTCBB: CNTO) have been pumping out a good flow of newsworthy news in recent weeks. I should mention that Canada�� oil reserves are ranked #3 after to Venezuela and Saudi Arabia with over 95% of these reserves being the oil sands of Alberta while the neighboring province of Saskatchewan (which the Bakken formation stretches into from South Dakota and Montana) along with offshore areas of Newfoundland also contain substantial production and reserves (Note:�Excluding oil sands, Alberta would have 39% of Canada�� remaining conventional oil reserves,�followed by�offshore Newfoundland with�28% and Saskatchewan with 27%).
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