FOXNews.com - Fund Rankings Shouldn't Be Sole Criteria - Finance | Personal | Business | Personal Finances
Never use fund rankings to pick mutual funds, unless of course you're attempting to underperform over the long term. This article details out information that shows that funds in the top quartile of performance rarely stay in the top quartile, but funds in the bottom quartile typically do stay at the bottom.
Bottom line...fund services like Morningstar can be useful, but don't buy a fund just because it has 4 or 5 stars.
Scott Dauenhauer, CFP, MSFP, AIF
www.meridianwealth.com
