Biggest Losers of Your Retirement Funds

Here is a roll call of the biggest and baddest safe and steady investors.

Look as of November 10, 2008. So glad these "star managers" have been entrusted with billions of dollars in retirement funds.

They all are all down more than 40%. Some as much as 55%.

What was their sin? Hubris. Double down on the financials! Give me one more hand and I can make it all back.


http://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&pgid=hetopquote&Symbol=LMVTX

http://quicktakhttp://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&pgid=hetopquote&Symbol=DODFX

http://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&pgid=hetopquote&Symbol=DODGX

http://quicktake.morningstar.com/FundNet/Snapshot.aspx?Country=USA&Symbol=JCVIX

Little wonder that mutual fund managers get rich on their fees and not by putting their own money into their funds.