From Bloomberg: The following is a list of the 10 worst-performing U.S. diversified stock funds based on returns from Jan. 1, 2000 to Dec. 28, 2009:
By Daniel at 2 January, 2010, 10:51 am
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------
Fund…………………………………AUM…………………..% Change…………..(in billion)
Fidelity Growth Strategies…………………………$1.9…………………….-67 percent
Vanguard U.S. Growth………………………………$4.0…………………….-50 percent
Putnam New Opportunities………………………$2.6…………………….-46 percent
Columbia Select Large Cap Growth…………$1.7…………………….-41 percent
SEI Large Cap Growth………………………………$2.1…………………….-40 percent
MFS Growth……………………………………………….$2.1…………………….-39 percent
Janus Enterprise………………………………………$2.4……………………..-38 percent
Putnam Investors……………………………………..$1.6………………………-37 percent
Seligman Growth……………………………………..$1.4………………………-37 percent
AIM Constellation……………………………………..$3.1………………………-37 percent
__________________________________________________________________________
Talk about your lost decade! Yet another reason to educate yourself and actively manage your money. Some of the biggest names in the industry with (I suspect) some of the highest paid talent and this is what you get for 10 years? OUCH!
--------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------











I have more of a common sense approach to the US economic woes. Most if not all economies are primarly drivin by innovation. Innovation by virtue creates demand for newer more efficieant products and processess. Busniesses must continue to refine processes and produce better , cheaper, faster, products in order to increase thier market share and profitability. It appears to me that the money needed to make this a reality in the US .Is being bleed off by our dependence on foreign oil and cheap foregin labor. The oil and the labor seem like a cheap quick fix in the begenning but in the long run we are handing our global competitors a hammer to hit us over the head with by means of buying our debt and controlling the strength of our Dollar. If we would provide goverment sponsored jobs to create a new infrastructure for Natural Gas, Coal , Nuclear and Wind Energy we could put the hard working unemployed workers back to work. It would also send a messege to the world that they need us more that we need them. It seems to me that short term deficits with a viable 5 -10 year plan to reduce our dependency on foregin debt markets and forgein energy imports would eventuly make our dollar very strong. With our strong dollar our standard of living would increase and we would become the worlds leading lender as once upon a time. It would also take the finiancial resourses out of the very hands that our trying to control our saftey by means of Terriost activity. The last plus is it would probably send Russia and thier secret allies into a finiancial tail spin, That would free up more Taxpayer money currently spent on defense to 1st get rid of the defecit and then reduce taxes and give our senior citizens the social security benifits they deserve and have paid for. If all goes well we could in the very foreseable future provide health coverage for all and avoid the “Baby Boomer ” problem that will start to squeeze our economey even more in the next 5-10 years. This is not an easy short term solution but it does make a lot of common sense which unfortantly is not so common anymore.