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Here is the average annual performance over the past 5 years (ending Dec., 2004) of
the 10 best ranked long term growth mutual funds by Kiplinger’s Personal Finance -
June 1999 issue. These funds had outperformed all other funds in their category over
the preceding 5 years. Where else would a fund investor put his or her money?!
• Legg Mason Value Primary 10.11%
• Fidelity New Millennium - 2.47%
• White Oak Growth -10.97%
• Alliance Premier Growth A - 9.90%
• Vanguard Growth Index - 6.94%
• Weitz Hickory .24%
• Wilshire Target Large Co Gro. - 5.76%
• Accessor Growth - 8.22%
• Idex JCC Growth A - 11.61%
• Reynolds Opportunity - 15.19%
S&P 500 over same time - 2.38%
(Vanguard S&P 500 Index Fund)
Investing $100,000 in an evenly weighted portfolio of these funds would have left an
investor $73,000 at the end of 2004! More importantly, only 3 of the funds
outperformed a simple index fund!
Think this is a fluke? Unfortunately, few funds consistently outperform the market, and
it is impossible to accurately forecast which they will be (if any).
January 17, 2005
| ============================================== |
This is intended for educational purposes only. This should not be construed as a recommendation
to buy or sell any security. The information contained herein is not meant to constitute specific
investment advice. An investor should consult with Don A. Slabaugh (DAS), or his or her own
professional financial adviser (if not DAS), prior to acting on any of the information stated above.
to buy or sell any security. The information contained herein is not meant to constitute specific
investment advice. An investor should consult with Don A. Slabaugh (DAS), or his or her own
professional financial adviser (if not DAS), prior to acting on any of the information stated above.
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