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Posted by Elle on July 23, 2007, 9:45 am
> Has anyone checked out a mutual fund analytics site call
> fundmojo:
> http://www.fundmojo.com? Any opinion on how good its
> scoring and
> rating system is? I read how the site ranks mutual funds
> and seems to
> be very logical:
> http://www.fundmojo.com/mutualfund/score.php
Any "scoring" system that puts an emphasis on the short term
(as fundmojo does) is one that chases returns and so is
promoting numerology and foolishness.
Focus on asset allocation and low mutual fund (or ETF)
expense ratios, and invest only for the long term. If you
do, while your future success cannot be guaranteed,
historically speaking this strategy has worked well. If one
has an understanding of how economies and nations work, this
will also boslter your confidence in this strategy of
long-term investing in stocks, bonds, and mutual funds.
A number of links whose contents will quickly and
interactively introduce you to asset allocation appear at
http://home.earthlink.net/~elle_navorski/id8.html . Keep
lurking here. Remember that the only stupid question is an
unasked one (though putting a little research effort of your
own, e.g. via Googling, to get answers in advance of asking
another person is only going to help your knowledge in the
long term).
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