The devil is in the details and no one has advanced discussion as to precisely what advice F&F offers, their fees (type ), the net %of ROI, etc so there is no way to compare to determine if F&F is beating benchmarks and at what costs?
How does F&F compare to fees ROI of say S&P 500 Index Mutual Funds? Counting dividends S&P 500 Index is up 177% since March 2009 and for the 24th time this year it hit an all time high
A repeated theme in the Wall Street Journal is that no one can beat the market and is the basis for some experts to suggest that benchmark funds with low fees in the long run produce higher ROI's .
The ugly truth is that in a good market a portfolio run by a chimp can make you money. However, its the down market that concerns us all and in that diversification is the key. Can a portfolio manager do better than an index fund? That is an ongoing debate in the world of investment. This is part of a conversation I had a few years back with an investment broker who claimed she was making a fortunate. She is the person who described the chimp analogy above. I was one course short of becoming a CFP but her conversation changed my mind.
I have no dog in this fight. Investment is very personal and very complex and thus requires a lot of research and verifying no matter who or how your portfolio is managed. Trust but verify its your money after all and you will be the only winner or loser
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