What are the top ten mutual funds? It depends on who you ask. Every financial magazine and most financial websites publish their own list. For example, Business Week magazine publishes an annual scorecard, but a monthly update is provided on the website.
All of the top ten mutual fund lists are judged on a wide range of criteria. Selection depends on each company and who’s doing the selecting. Financial experts may choose to focus on managing practices, investment strategy, short term success or overall long-term growth.
Perhaps the better question is what are the top ten mutual funds for you? After all, with thousands of options, you don’t want the name of the top ten mutual funds for Donald Trump, you want the mutual funds that are best fit for you in your investment portfolio.
What’s important to know is that more than 80% of mutual funds under perform the stock market's average return. To make sure your investment does better than that, you need to do your homework. Carefully consider what you are looking for, then use rating guides like Morningstar and Lipper to narrow down your options. You can create your own top ten mutual fund list in your portfolio.
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