"best" mutual funds

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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