March 2005
Intermediate to advanced
264 pages
6h 55m
English
Here is the three-step procedure for managing your mutual fund portfolio:
Step 1: Secure access to data sources that will provide you with at least quarterly price data and volatility ratings of a universe of at least 500 (preferably somewhat more) mutual funds. (Suggestions have been provided.)
Step 2: Open an investment account with a diversified portfolio of mutual funds whose performance the previous quarter lay in the top 10% of the mutual funds in your trading universe and whose volatility is equal to or less than the Standard & Poor’s 500 Index, or, at the most, no greater than the average fund in your total universe.
Step 3: At the start of each new quarter, eliminate those funds in your portfolio ...
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