Thanks for the tip Roddy, I will look into the Rove Capital Funds
I just realized that I hadn't posted any updates on my Sentiment Aggressive Fund account in a while and unfortunately (for me) the fund is still performing poorly. I opened the account in mid-November 2007 and to date my account is down approximately 23%. The base currency for the account is in USD.
I imagine that the low value of USD compared with the Euro and GBP is the main factor for the poor fund performance but the published performance charts still seem a bit inaccurate. Keep in mind that there is a 2% yearly management fee on these accounts so you are still loosing 0.167% every month regardless of fund performance. The only upside is that, due mostly to my skepticism, I invested a very small portion of my portfolio into this fund... still I wish I had saved that money to buy more stock in Visa Corp. on the day of the IPO
I know FXCM offers accounts for the Sentiment Aggressive Fund in both GBP and JPY base currencies. I wonder if those accounts are fairing any better?
-RCProAm
Quote:
Originally Posted by Roddy Howald
RCProAm - I'm sorry to hear that, I'm sure that you're looking for an exit strategy. Checkout Rovecapital, they appear to be doing well, but did have one poor month in March 08, only -3.65%. Has anyone else used RoveCapital?
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