When you're looking to invest in a mutual fund, dig deeper than past performance.
Mutual fund advertisements tell you, usually in the finest of print "Past performance is no guarantee of future results." While that statement has always been true, now's a particularly good time to take heed.
We've had a three-year bear market where virtually everything lost money, followed by a stupendous year where virtually everything made money, topped off by the biggest regulatory scandal in the $7 trillion fund industry's history. It's been an especially topsy-turvy time for fund managers and investors, which makes it that much harder to evaluate potential homes for your investment dollars.
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