Comments on: Mutual fund frustrations

By: bluntmoney

bluntmoney — Mon, 07 Jul 2008 18:54:38 +0000

Michael, it just takes a while before comments get posted, so don’t worry :)

What I personally look for in mutual funds are funds with a long positive track record (usually 10 years or more). I try to find funds that have had the same manager(s) during that entire time, or at least not a recent manager change. I also compare them to other similar funds of the same type to see how they do in comparison. (For example, I compare growth funds to other growth funds, etc.) Good idea about making this a future post, especially since I need to be doing this anyway.

By: Nan Patience

Nan Patience — Mon, 07 Jul 2008 14:31:22 +0000

I agree that feelings can get in the way of making rational decisions, dammit.

By: Michael Natale

Michael Natale — Mon, 07 Jul 2008 13:21:59 +0000

I think my original comment may have been deleted because it may have appeared like I was asking for specific recommendations. Let me rephrase…

You said:

“…I’m still not an expert at mutual funds by any means, but at least I now have a better idea of what to look for…”

So what do you look for? I’m about to go down the IRA/mutual fund road and as you point out, I am not sure how one goes about choosing the right fund(s).

I realize this is a huge subject, maybe consider it for a future post?

Thanks
Michael

By: michael natale

michael natale — Mon, 07 Jul 2008 12:46:23 +0000

so what DO you look for? What makes a fund good vs bad choice?

Tx
michael