A Fund Manager Tells It Like It Is

You never know when or where you'll stumble across a good piece of writing. Ordinarily a mutual fund risk disclaimer would not be the place. It's usually dry, technical, legalese with one purpose in mind - protect the investment company should it be sued.

But lately I've been doing a little research around the web on the Integrity Growth and Income Fund, a part of the Integrity Mutual Funds family. When I visited the Social Investment Forum I noticed a disclaimer written by Integrity fund manager Robert Loest, my new favorite fund manager. I could link you to it, but let's all read it together.

"Disclaimer: Buying stocks isn't gold in the ground, it's pie in the sky, got it? While our information has been obtained from sources we trust, people make mistakes, including us. We may also change our minds about a stock later and not tell you. The market may change and not tell us. Technology may change and not tell the market. The gods may just be having a bad day. Just so you know. If you decide to buy stocks based on our analyses, you may lose it all and wind up a Dumpster Dude or a Bag Lady rooting for aluminum cans in your old age, so don't come crying to us. If you tend to get jumpy about stocks, go bury your money in the backyard or give it to a bank. Banks specialize in jumpy people. This firm and/or its directors, affiliates, employees, friends or cats, and members of all their immediate or extended families may own securities we mention."

Lord bless this guy! He managed to slip one by the gatekeepers and we're grateful for the effort.