Go to Jeff Salisbury LWGate Home Page.From: drstone@gsvms2.cc.gasou.edu
Subject: "best" mutual funds
Date: Sun, 20 Sep 1998 18:35:59 -0500
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Bob asked about a list of top-ranked mutual funds, according to recent results. Tom then wondered "what's the point?" (1) The "knowledge-is-good" reason: even if one is a long-term investor, it is still valuable to know what is happening. If your see own fund on Rukeyser's Top 100, then you at least get a warm feeling and some validation of your decision to invest in that fund. Or if your fund is one of Roy Weitz' Three-Alarm funds (i.e. not doing well against benchmarks), it might prompt you to do some investigating to see whether there has been some fundamental change in philosophy or management. That is, just seeing or not seeing a fund on a list is information, not necessarily cause to immediately buy or sell. (2) The "new-money" reason: I may have new money to invest, either now or soon, and should be investigating where to put it. Even if I decide to add to current investments, I should investigate first. A 1993 decision to dollar-cost-average into Fund X or Stock Y does not preclude a 1998 decision to invest into Fund Z if it seems better or if my needs or circumstances have changed. Checking to see which funds have done well lately is part of the picture. (Just be sure you don't think it's the whole picture.) David +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ David R. Stone Office Phone: 912-681-5335 Department of Mathematics and CS Office Fax: 912-681-0654 Georgia Southern University drstone@gsvms2.cc.gasou.edu Statesboro GA 30460-8093 Home Phone: 912-681-4048 "Make sure the same dog doesn't bite you twice." Chuck Berry - -
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