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Lighten Up

Money-management strategies.

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This story appears in the February 1998 issue of Entrepreneur. Subscribe »

If you spend more than an hour each week tracking your mutual funds, you may have too many. So says Richard Moroney, editor of the weekly newsletter Dow Theory Forecasts.

So how do you figure out just how many mutual funds to maintain? "If you consider conventional wisdom, you should have one or two mutual funds for each asset class," says Moroney. "You need to decide how much you want in [domestic] stocks and bonds and in international stocks. That's the first decision and from that will flow others. You also want good growth, small-company and junk bond funds as well as [a short-term bond]."

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