Biggest Investing Lies You're Being Told (Page 7 of 10)
Categories: Invest Wisely
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- Biggest Investing Lies You're Being Told
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Lie #6:
"This mutual fund was HOT last year … let's BUY!"What a great reason to buy mutual fund because it had one good year ... probably not in 2008!
Over the past 10 years, many of the thousands of stock equity mutual funds have lost money.
If you're interested in mutual funds, check out the specific fund idea before buying at www.morningstar.com. We recommend only considering funds with a strong track record over, at least, a 10-year period. Find out our other guidelines in How to Pick the Right Mutual Fund.
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