Humbly agree, marcos, about mutual funds in general. But as you said, "some of the metals funds are pretty well run, when you look at what they're holding it's a good mix in an extremely undervalued sector."
As I told you earlier, my investing "career" started with dirt stocks (such since discontinued investing vehicles as Bre-X and IPM, or IPMCF in the US). Made money on those, good money, which at this point I put squarely in the beginners luck category! And, of course, that's likely the reason I got so interested in stock scams. I mean nothing is ever going to beat the Bre-X scam, I hope; what a fascinating story that was -- still waiting for the movie version.
And yes, I've read every post on the Gold and Silver Mining Stocks thread. Helped me a lot!
Anyhoo, the funds I did pick are all no load no fee, as long as I hold them over 90 days, which is my plan anyway. No way do I get the bang for the buck I'd get with juniors, but a basket of the eight funds I do have has performed pretty well, so far, knock on wood, without undue volatility. Upper single digit percentage gains in a couple of weeks ain't bad, and I don't have to sit and watch the tape all day. Just check them in the evening, evaluate and note how they did compared to XAU, HUI and GOX, and tweek accordingly. It's my lazy boy approach. (bg)
BTW, do you ever follow the Clown Free Zone on SI? Precious metals come up regularly, and some of the best minds in the investing cyber universe, IMHO, gather there (yeah, nobody can keep up with the non-stop posting there, so I just click on the header and pick out posts by those I respect, such as Heinz).
Cheers,
Svejk
