07272016Wed
Last updateWed, 27 Jul 2016 10am

One of history’s worst mutual funds teaches investors a wealth of lessons

Investors holding mutual funds in 2008 that dropped 30 percent or more may think the funds were among the worst funds anyone has ever owned. Think again. There is one fund that many agree qualifies as the worst ever (not counting outright frauds like Bernie Madoff’s) – the Steadman Technology & Growth Fund.

The Steadman family of funds started in 1939, but it recently came to my attention through a June article in ValueWalk.com. According to the article, ever since Charles Steadman assumed personal management of the funds in the early 1960s, they were always at the bottom of the performance charts.


One of history’s worst mutual funds teaches investors a wealth of lessons

Investors holding mutual funds in 2008 that dropped 30 percent or more may think the funds were among the worst funds anyone has ever owned. Think again. There is one fund that many agree qualifies as the worst ever (not counting outright frauds like Bernie Madoff’s) – the Steadman Technology & Growth Fund.

The Steadman family of funds started in 1939, but it recently came to my attention through a June article in ValueWalk.com. According to the article, ever since Charles Steadman assumed personal management of the funds in the early 1960s, they were always at the bottom of the performance charts.

Maybe think twice before extending that warranty


I was in an electronics store the other day and at checkout they asked – doing their best “Would you like some fries with that?” routine – if I would like to purchase a warranty.

I never buy a service contract. Most good products come with a decent warranty, and if I shop at Costco, it tends to extend that warranty by an extra year.

Maybe think twice before extending that warranty


I was in an electronics store the other day and at checkout they asked – doing their best “Would you like some fries with that?” routine – if I would like to purchase a warranty.

I never buy a service contract. Most good products come with a decent warranty, and if I shop at Costco, it tends to extend that warranty by an extra year.

Planner says density is not always bad

According to Don Weden, density does not have to be scary. The longtime principal planner in Santa Clara County told a meeting of the Silicon Valley Association of Realtors that as long as density is well planned and communities are open to change, density can work in suburban areas.

For both San Mateo and Santa Clara counties, he believes the solution is transitioning from what he termed the 2.0 suburban era to the 3.0 urban/suburban era.

Changes coming to Los Altos downtown


Town Crier FILE PHOTO
Kiwi Crate’s interactive projects have been a hit for years.

Kiwi Crate coming soon to State Street

Sandra Oh Lin began selling children’s educational products out of her North Los Altos garage in 2011. Millions of crafts later, Lin’s company is back in its hometown.

Kiwi Crate has spent the past five years delivering hands-on learning projects to children out of Mountain View. This fall, they plan to open their first retail location at 170 State St. According to CEO Lin, the company is looking to “build a physical presence for fresh merchandise and experiences.”

Mills Act agreement lowers tax rate on $13M property in Los Altos


Megan Winslow/Town Crier
The 90-year-old property at 220 University hosted a “Garden Party” fundraiser for the History Museum last May.

When Chuck Geschke rehabilitated a vintage 1926 property on University Avenue, he said he did it “because it was the right thing to do.” Now that the founder of Adobe Systems is looking to sell the villa for $12.9 million, he can rest assured that any new owner will be required to keep up the house and the grounds.

The Los Altos City Council voted unanimously to execute a Mills Act agreement with the Geschkes that will reduce taxes on the property in exchange for the preservation of the property.


Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos