Would you trust this man...with your money?

Way back in 2009 - the year after the stock market collapse - the stock markets had a remarkable recovery year. They were up (according to one index, S&P) over 25%. The person pictured on the right is a fund manager. He solicits funds from people who trust him to manage their money. The idea is that he manages the money so well that the investors get a greater return for having hired him as the manager - greater than just an average selection of stocks. Regrettably, his return for the year was -12.29%. So far in 2010, his fund's returns are in the negative teens % (my sources don't agree). The expenses that an investor pays for hiring him are a paltry 1.50%.

Why pay some else to lose money for you when it could be so much more fun to lose it yourself?

His fund's symbol is PRGRX.

He sure does have a winning smile, though.

More on poor performers of 2009.