Damn I hate the winter! It gets really cold here in philly. It's only November so it's not freezing yet. But all the days are shorter. I hate it how sunset happens at like 5pm. I get up early in the morning so it will be dark when I leave and dark when I get back. I spend the entire day at my office cubicle. I get no sunlight for myself. Fortunately I do absolutely no work at my job (I work for a major custodial bank.) I do the fund accounting for the endowment fund for a large university. I get paid to surf the internet. It's quite sweet. Lately I have been doing a lot of investigation about investment funds. Specifically, I've been trying to identify the
top no load funds.
So what's involved in this process? Besides avoiding my boss (this started out as difficult but it gets quite easy once you get to learn everyone's mannerisms.) But there are several statistics you need to pay attention to. For me, there are two big ones I focus like a hawk on. They are alpha and the expense ratio.
Alpha is how much you are outperforming the market. This is what you're paying the fund manager for. Otherwise we could just
go with index funds. If the alpha is negative then you're paying someone to destroy wealth.
