Happy New Year to All!!
Let's hope this year will be a solid investing year. The market I believe will be sub-par in its performance this year. With rising oil prices, a slumping sub-prime market that has yet to top, falling corporate profits, and an election coming up this could shake out to be a turbulant year. Which makes blogs like this all the more important for the new year.
We continue our look back at the top 5 mutual funds on 2007:
#3 CGM Capital Development
Once again we like the no load factor of this fund, and its lower expense ratio of 1.11%. That is considerably low when you consider the turnover of the fund. Diversity in my top 5 is required and this fund is part of Mid-Cap growth which was decent for 2007 with all things considered. Don't forget this name, Kenneth Heebner. He is the portfolio manager and I am sure you will hear me mention his name again on this list. He goes totally against the grain of Wall Street and profits from it!
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