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"It can't be a strict numbers game. For starters, you won't find a fund that has beaten Standard & Poor's 500 Index ($INX) over the past three, five and 10 years."
So I guess your argument is, even though these funds have underperformed an S&P 500 index fund like Vanguard VFFINX, they are still a better choice because a) The managers have more experience underperforming for a longer period of time and therefore b) they are less likely to underperform in the future.
?????? If I got and followed advice like this from my doctor I would have died ten years ago.
I'll go along with Kiplinger's picks. They do a good job of evaluating funds. I have none of them, but my choices were made decades ago. You gotta dance with the one you brought! Actually they have done a fine job for me!
Har har har me mateys will ye be going to bed with a cold bowl of porridge or perhaps an empty bowl?
We were "fully recovered" by July 23-25th 2009....How many Funds accomplished that..?
They should have, with all their "talent."
Having had Mutual's in 401s and then a couple years after retiring and doing Rollovers...
401s are as anyone knows, extremely limiting....A major issue.
And then there are the blah, blah, blah MFs....That give you all the diversified choices you need.
Many of the Funds overlap each other in holdings, top ten or otherwise.
You have to be knowledgeable of that in your selections.
I like some points about the above selections, but can mirror many of their Top Ten holdings and a few wild cards while building our own Mutuals...
That's exactly what I started doing about 12-13 years ago, and no longer own any Funds; Period.
I pay myself the fees, commissions or loads, collect the dividends or re-invest most the last few years...
It works pretty well for us and I strive to beat or better the performances of those funds..
We do and we have...92-95% of them and the high paid staffs they have under cover.
My opinion, mutual funds are a thing of the past. I don't see them performing or even rebounding as they had in the past. The people making the money on mutual funds are the fund companies not the investors in the funds.
I been essentially creating my own funds by buying individual equities.
Also, dumping them faster if they do not perform vs. having a broker convincing me to diversify and ride it out, etc. Don't listen to the brokers on riding it out and or diversifying. I did this in 2008 and never did fully re-coup. Always get rid of the losers and do it fast.
"You gotta dance with the one you 'brung' not the one you brought..."
Please learn to write or speak the "King's English".
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