Based on my research I put together a formula to rank mutual funds based on long-term (5+ years) performance. I excluded mutual funds from my list that require initial investments of more than $5,000. These are my own recommendations, I do not work for any of these funds or any of the companies in their holdings. I have no influence over their gain or loss in value. I'm watching the 1-year performance of these, and other mutual funds to tweak and improve my formula. Here is my ideal $10K investment portfolio if I had invested yesterday:
EKWBX - 14.628 @ $68.36
USAGX - 85.494 @ $35.09
FKRCX - 25.284 @ $39.55
TGLDX - 16.358 @ $61.13
OPGSX - 27.188 @ $36.78
EKWCX - 14.742 @ $67.83
MDLTX - 18.385 @ $54.39
FAGPX - 26.532 @ $37.69
Total value as of May 24, 2010 - $9999.77
I will keep an eye on this and make periodic reports.
Tuesday, May 25, 2010
Thursday, May 6, 2010
Ouch
The Dow is down almost 800 points this morning on news that Greek government employees are violently rioting at the prospect of taking pay cuts in order to keep the country from going bankrupt.
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