This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fund Managers Give Thanks

Mutual fund managers are thankful too, you know.

Like most Americans, the folks who oversee the nation's mutual funds will join their families Thursday to celebrate Thanksgiving. And like the rest of us, they will fill up on turkey and stuffing, and then waddle over to the television to fall asleep in front of the football game. (Or, like some of us, pretend to fall asleep to avoid cleaning off the table prior to dessert.)

There is, however, one thing that separates the average American from a mutual fund manager, and it's not that they are responsible for millions of dollars of retirement money and you can barely balance a checkbook. No, the chief difference is what they count among their blessings. Would anybody at your Thanksgiving gathering, for example, be thankful for New York State Attorney General Eliot Spitzer?

We thought not. That's why TheStreet.com surveyed a number of fund managers to find out what they are thankful for this Thanksgiving holiday.

Amen to That!

Fund managers who were long energy shares this year will be among the first to count their blessings at the Thanksgiving dinner table. And most are quick to admit that they wished they loaded up on second helpings back when oil was closer to $40 a barrel. Says George Schwartz, portfolio manager for the (AVEMX)Ave Maria Catholic Values fund, "I'm deeply thankful we had oil stocks this year. ... I just wish we had more."

Along those same power lines, Barry James of the (GLRBX)Golden Rainbow Fund says he is "grateful utility stocks were so unloved when we found them."

On the other hand, some managers welcome the recent pullback in energy prices, especially with winter on the way. John Augustine, chief investment strategist at Fifth Third Asset Management, says he is "thankful to see '$1's' on gasoline signs again in many parts of the country."

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,120.09 +13.39 0.08%
S&P 500 1,999.19 -0.83 -0.04%
NASDAQ 4,567.0770 -3.56 -0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs