How do you know which mutual fund rankings to trust?
Business periodicals such as Business Week often publish their rankings of mutual funds, often on an annual basis. Business Week, for example, does publish the "Mutual Fund Scorecard" annually in their magazine, but it can be accessed online at their website. On the website, the scorecard is updated monthly or a list of top 10.
Plenty of other magazines and finance companies are in line waiting to lure you with their latest mutual fund rankings. If you use the rankings as a grocery list, you may run into problems. Not every highly-ranked mutual fund belongs in your investment portfolio. You have to look at your investment objectives, your risk threshold and how long you want to invest
The mutual funds rankings can be useful if you use them to evaluate which types of investments do not expose you to high financial risk. In most cases, those financial instruments that are on top of the mutual fund rankings are stable so you need not worry too much that you will lose all your
Stanford researchers warn that mutual fund rankings can be misleading, because the effects on a person’s income taxes can be bigger than anticipated. In fact, you may want to look for market fund ratings that include an after-tax analysis.
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