Monday, January 23, 2012

Musings on the Streetwise Mutual Funds

Well, I haven't updated this blog in a long time, so I thought it was time I made an effort.  Many, many people have submitted their ING Orange Keys so they can get referrals; I encourage all new ING Savers to do the same.

The ING Orange Key program is still going strong, with many new savers earning their two thousand dollars in referral fees.

I've previously given my thumbs up to the Streetwise mutual funds. I think, now, I have to adjust my previous enthusiasm.  The Streetwise funds have really not performed well since their inception.  Consider this performance chart for the Streetwise Mutual Funds, complete to December 2011

Since launch, the Balanced Income fund has gained around seven percent in value.  The Balanced and Balanced Growth funds, however, have lost value

Of course, we've had a great deal of financial turmoil in the world's stock markets so I'm sure ING aren't totally to blame.

I've invested in the Balanced fund. I would have got a better return had I invested in the TFSA Savings Account instead.  These are, of course, still eligible for the ING Orange Key referral scheme.

Remember to post your Orange Key in the comments!