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Fighting The Fund Cheats
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Mutual funds are still your best investment. To avoid crooked tactics, buy no-loads with low yearly expenses (under 0.9 percent for U.S. equity funds; under 0.6 percent for bond funds). You want seasoned money managers who trade infrequently and with long-term performance in line with that of their peers.
Should you sell the mutual funds in trouble with the law? Pause, if you'll pay big redemption charge or taxes. But if the fund's fees are high, its performance mediocre and its managers cheaters, dump it for the skunk it is.
REPORTER ASSOCIATE: TEMMA EHRENFELD
© 2003
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