Mutual Fund to sell

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Jan 28, 2009 10:45 pm

I've been in production for 3 months.  Any ideas on what's an easy mutual fund to sell and why?

Jan 28, 2009 10:53 pm

A favorite of mine is Blackrock Global Allocation (MDLOX).  It's got strength in performance, management and makes sense to most clients from a logic standpoint.

Jan 28, 2009 11:40 pm

The Munder NetNet Fund

Jan 29, 2009 8:56 am

If you are asking then I suggest the ICA guide... why are you asking a forum what funds to use?

Jan 29, 2009 9:27 am

You've seriously been in production for three months and you don't know what mutual funds to sell?  Perhaps you should find a different line of work.  Wal-Mart greeter...pizza delivery...mail man...something that doesn't really any cognitive thought processes. 

Jan 29, 2009 9:34 am

There is no EASY mutual fund to sell, even in a good market when people still believed in mutual funds. Sell yourself, sell your process (diversification, blah, blah blah, asset allocation, blah blah, bonds and international, etc., I'll watch it for you, and so forth) and then tell them what they're buying.

Jan 29, 2009 9:45 am

I hear Bernie Madoff has a fund that does well in up AND down markets.  Try that one.

Jan 29, 2009 10:38 am
Hank Moody:

The Munder NetNet Fund

 

Hank: <?: prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 
If you think this is a good equity investment I can see why you sell so may annuities.
 
Jack Black
Jan 29, 2009 11:26 am

You should have many arrows in your quiver. I would meet the prospect and find out what they want to accomplish and what they've done toward that goal, also their tax situation, etc.

 
If  you see after reviewing their tax return that they could benefit from tax free income, recommend the Franklin High Yield Tax Free fund.
 
Also have a trio of funds to recommend, such as a good growth,international,and bond fund, so if one falls out of favor you may have balance (Sure as hell not in this market though).
 
American Funds has good literature and look at their Growth, Capital World Growth and income, and Bond Fund. Check Morningstar to do your research on the top funds in their respective categories.
 
If they are concerned about safety, brush up on your fixed and variable annuities with the living benefits (Try Prudential Apex2). Sell them what they want to buy.
 
If you are just prospecting with a fund, I would use the Franklin HY  tax free fund. Good literature and track record. Fund was down last year like all the other muni funds, but has done well YTD, use this volatility to your (and their) advantage.
 
 
Stok
Jan 29, 2009 12:07 pm
Hilo99:

I've been in production for 3 months.  Any ideas on what's an easy mutual fund to sell and why?

 
The ones that are only down 25%...
Jan 29, 2009 12:20 pm
iceco1d:

Don't take Spiff's comments too seriously...remember, he's at EDJ, so that question isn't even really ALLOWED to enter into his head because the ONLY answer is "AMERICAN FUNDS!!!!!!!!!OMFG ROFLCOPTER!"

 
Just kiddin' Spiff. 
 
Hey, c'mon.  Easy there.  I sell Putnam funds too. 
 
What's the COPTER thing up there?
Jan 29, 2009 6:25 pm

Training for the newbs sure has gone downhill. 

Jan 29, 2009 11:36 pm

Spiff -

Here's help on the ROFLCOPTER Q

Jan 30, 2009 12:30 am
Spaceman Spiff:
iceco1d:

Don't take Spiff's comments too seriously...remember, he's at EDJ, so that question isn't even really ALLOWED to enter into his head because the ONLY answer is "AMERICAN FUNDS!!!!!!!!!OMFG ROFLCOPTER!"

 
Just kiddin' Spiff. 
 
Hey, c'mon.  Easy there.  I sell Putnam funds too. 
 
What's the COPTER thing up there?
 
Spiff--
 
Not sure if you know, but there are more than 7 mutual fund familes.  Really, I promise.  Swear to God--on a stack of Holy Bibles.  There's like 12 or something......
Jan 30, 2009 11:28 am

Yeah, I've heard that.  I've also heard there are things called EFT's or something like that, UTI's, and something called stocks.  It's amazing the amount of stuff I can put in people's portflolio's. 

Jan 30, 2009 8:38 pm

Here's one OCHYX, its a bond fund down 80%..You can tell you clients for 10K now you can buy what other chumps paid 80K for just 5 months ago..try that one.

Jan 30, 2009 11:20 pm

Bluestar loves ORNAX, so does Jones....

Feb 2, 2009 9:56 am

Ugh...that symbol makes my stomach hurt.  I have one client that I used that fund with.  Nothing like turning $25K into $10K in a few short months.  It's amazing how quickly the tides can turn on a money manager.  Fortunately for me it was a very small chunk of her overall net worth. 

Feb 2, 2009 10:03 am
Blackrock Global Asset All.
AF Capital Income Builder
First Eagle Global
FT Mutual Discovery
AF Capital World G&I
Ivy Asset Strategy
 
My core holdings (on the equity side) tend to revolve around some or all of these.
Feb 2, 2009 10:55 am

I like Hartford Midcap.  They just re-opened it.