When is it time to unload a mutual fund? When is it prudent to stick with a poor performing fund? Certified Financial Planner Paul Fain has FIVE year-end house-cleaning tips for your mutual fund investments this week on WBIR. PAUL, WHY DO INVESTORS STICK WITH LOUSY FUNDS? “It was good to me once.” If you
How do you select a mutual fund to invest in? Well, for one thing, a recent article in the Wall Street Journal challenged the notion of relying on “star ratings” to make your picks. WHAT IS THIS HULLABALU ABOUT THE STAR RATINGS ON MUTUAL FUNDS? Morningstar research rates funds from 1-star (low) to 5-star
Have you ever wondered if a chef eats his own cooking? Does a doctor take her own medicine? Or, do financial planners invest in the same strategies they recommend to investors? Recently, a vice president at Morningstar, an investment research firm, wrote about his personal investment portfolio. His asset allocation is basically 93 percent stock, 4 percent cash,