Money manager Bill Gross, also known as “The Bond King,” misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s (PTTRX) biggest decline in almost two decades. The billionaire’s mistake was echoed by the largest funds at Pacific Investment Management Co., including non-traditional bond offerings designed to shield investors from interest-rate moves. Pimco mutual funds that average more than $10 billion in assets trailed about two-thirds of peers in 2013, according to data compiled by Bloomberg. Only two of the 11 largest funds from the firm beat more than half of their rivals last year. Ouch!
Welcome to 2014! It is a new year, and that means the ledgers have been wiped clean following strong returns in the stock market last year. Even though you may have earned more than a few double-digit percentage wins like subscribers to my investment newsletter PowerTrend Profits did -- more than 16 double-digit percentage winners in all of 2013, with some as high as 70% -- all of that is over. Now i
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: