Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: The dot-com bubble burst had a lot to do with technology stock mutual funds' underperformance relative to the top two sectors — real estate and energy — as well as the S&P 500 during the past 15 years.
Look at the result of investing $10,000 in the average tech mutual fund on Dec. 31, 1999. The sum would have shrunk to $9,896 by Feb. 10 this year, according to Morningstar Inc. data. But the same amount would have grown to $58,115 in the average domestic real estate fund, $45,490 in the average world energy fund and $18,772 in the S&P 500. Regards, Ted http://license.icopyright.net/user/viewFreeUse.act?fuid=MTg5Njg4NzI=
