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.
Although past performance cannot tell you everything you should know about a given fund, it is certainly a guideline looked at by most investors to help decide on the merits a fund. Of course, index funds, especially in recent years, have been some of the best performing funds around. But for those willing to hold some managed funds, it is important to consider, among other factors, not only past performance per se, but whether any strong performance was achieved by the now present manager, not one who is no longer at the helm.
Comments
Although past performance cannot tell you everything you should know about a given fund, it is certainly a guideline looked at by most investors to help decide on the merits a fund. Of course, index funds, especially in recent years, have been some of the best performing funds around. But for those willing to hold some managed funds, it is important to consider, among other factors, not only past performance per se, but whether any strong performance was achieved by the now present manager, not one who is no longer at the helm.