No one including Morningstar can reliably identify which mutual funds are likely to outperform the market, let alone match it, and so Index Funds are the best way to invest in the stock market.
No one including Morningstar can reliably identify which mutual funds are likely to outperform the market, let alone match it, and so Index Funds are the best way to invest in the stock market.
Fall is a time to learn new strategies for reaching your financial goals. Success with money and financial freedom is within your reach. Keep trying, keep learning, and don’t give up. You will be amazed at what you can achieve.
Manage money by looking at your financial situation and your future goals honestly, and that is where all couples should begin. Without judgment or resentment, take an honest look at your finances and begin to work out your financial plan for a future of financial freedom. Having a financial plan and eliminating debt are keys to success with money.
My investment advice, sell your stock holdings. Later, when the market drops enough we'll have a very good investment opportunity. For now, do what you can to spend your money wisely and use the tools I offer in my money book, Money Smart, to manage your money for financial freedom.
It’s time to solve our debt problem, (nationally and personally) and create a plan to eliminate debt for good. Money should add to your happiness, not taking away from it. Be debt free and change the money game in your favor.
The problem with the Morningstar rating system is that strong short term fund performance is meaningless since the majority of the 4-5 star funds drop to 3 stars or less within a few short years. When the ratings drop, investors are advised to invest their money in the next set of 4-5 star funds. The result is both investment underperformance and additional losses from paying the substantial commissions required by the fund switch. This cycle is extremely damaging and yet is the norm.