Market Correction into Effect and #1 Mutual Fund

While I was pondering when I was going to post the top Mutual Fund of 2007, I thought it was ironic that 2008 has already taken a turn to hibernation. This has been a brutal return to the markets for the new year and I truly expect it to get worse and stay down.

If you are in a winning position make sure your stop-loss orders are active and GTC (Good Till Cancelled)

If you are on margin, get off margin NOW!!

If you have a losing position, sell now

If you have a flat position, make sure you have your 7-10% stop-loss order in.

If you are thinking about a new position in a stock. Don't!

Enough of the bad news. Onto Mutual Fund #1
CGMFX

This the big dog of Mutual Funds. I told you Kenneth Heebner's name would pop up on this list again. There are few to none mutual fund managers that have the track record Mr. Heebner has. He is aggressive, goes against the grain, and spots trends early. With a 5-year annualized return of 36.43% all I can say is "Are you Kidding Me!!!"
The fund takes on Large capitalization stocks with value to growth range. The stock did an astounding 65.87% return in 2007, and one of its major holdings is Countrywide Financial, a huge dog in 07. While I am not advocating any position right now, as noted above, if the market turns, this is a gem worth owning.