A documentry of Richard Proenneke, the subject of the book One Man’s Wilderness: an Alaskan Odyssey. By Bob Swerer Productions. DVD, 60 minutes.
To live in a pristine land unchanged by man…
Be a self-sufficient craftsman, making what is needed from materials available…
To roam a wilderness through which few other humans have passed…
To be not at odds with the world, but content with one’s own thoughts and company…
Richard Proenneke lived the dream of building a cabin in the Alaskan wilderness, and stayed to become a part of the country.
If the fund manager is not able to beat the benchmark then this means that he has not functioned well. Knowing the past performance is good but take care to understand that this is not a true measure of the future performance of the fund.
The psychology of the investment is also to be considered. The fund will let you know the portfolio quality but you need to check the investment psychology to know whether the performance is consistent. If a fund is into buying and holding then this means that the funds are not churned regularly. Instead, the fund manager researches the stocks well and invests wisely to reap the benefits of investing in the fund for a very long term. This may not suit all kinds of investors but will benefit those who would want to create wealth in the longer term.
The diversification that the mutual fund offers is also important to consider. You need funds that have a perfect mix of investments into various sectors. This lets you know what the fund quality is. Investing like this is a wise decision and gives you diversification across many assets.
Many mutual funds on Ethereum Code have an exit load attached to it. This is charged on the amount at the time of redemption. This varies say between 1-3% and is dependent on the fund size. The higher is the value of the fund the higher is the exit load. Thus you should know about the exit load that the fund is changing. There are some funds that do not have any exit load at all.
This video is a simple account of the day-to-day explorations and activities he carried out alone, and the constant chain of nature’s events that kept him company.
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One Man’s Wilderness: An Alaskan Odyssey