Complaint Review: Janus Fund

Years ago, Janus Fund was one of the best investment funds around. Until they got greedy and drained the assets through insider trading. I stayed in hopes the fund would be resurrected to where I could recoup at least a major part of my losses.

This never happened, and when it became necessary to move these funds to a safe(r) haven in view of the recent market debacle, Janus refused to wire these assets, and delayed their transfer by a full week, causing me a substantial monetary loss.

By comparison, a similar transaction with Vanguard was accomplished with full cooperation on the day of the request. And this was for a substantially greater amount. Now I'm not here to advocate for Vanguard, and in fact they have lost some of the great talent that they once had. They do, however, remain one of the best managed offerings in the market place. IMHO

It isn't what they tell you about a fund that counts, it's what they do to you when you need to make changes. Dismiss the hype; there are many other choices out there, and if you are thinking of buying in at low prices, save yourself some grief and cross this one off the list.

Cheated in michigan
Vicksburg, Michigan
U.S.A.