Mutual fund investment question?
Saturday, March 15th, 2008
. asked:
If a fund has been doing really good in history such as 1yr at neg7%; 5yr at +18%; 10yr at +26%.
If a fund has been doing really good in history such as 1yr at neg7%; 5yr at +18%; 10yr at +26%.
Would it be a good time to invest in them now since they will probably get better iin the future? If it is neg 7% this past year but it has been doing so great in the 5 and 10 year then I would guess that this is a bad period for the mutual fund and a good time to put your money in it because it will most likely get better and you will get a large profit from it.
Let me know what you think and if my thinking is screwed up. Thanks!
Question posted courtesy of: Elizabeth
