Re: Mutual Fund Results


From: WMAtca@aol.com
Subject: Re: Mutual Fund Results
Date: Tue, 15 Sep 1998 19:30:08 EDT

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In a message dated 9/15/98 10:20:40 AM Eastern Daylight Time, owner-persfin-
digest@lists.xmission.com writes:

> Date: Mon, 7 Sep 1998 17:46:41 EDT
>  From: BobWo@aol.com
>  Subject: Mutual Fund Results
>  
>  Can anyone tell me if there is a free web site that will list the top 25
>  mutual funds for the prior month and/or for the prior week?  Any help is
>  appreciated.

There are several sites that publish their list of the "best" mutual funds,
but what good are they?  For example, suppose I read Money magazine and bought
their best 5 mutual funds.  What would I do next year when the top 5 were
different -- sell mine and buy 5 different ones?  To me it makes more sense to
find a very good mutual fund manager and then buy the mutual fund he or she
manages.  Then I would stick to it unless something drastic happened.  After
all, mutual funds should be long term investments and we shouldn't turn around
and sell them because their "ranking" slipped a point or two.

Just my opinion, not advice.  What does anyone else think?

Tom

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