The End of a Decade

It seems like yesterday that Y2K was making the headlines. Now the roaring 2000s (that one is for Harry Dent) are coming to a close.

We will soon start seeing a deluge of "mutual funds of the decade" accolades and "portfolio managers of the decade" awards.  Morningstar is already out with "The Fund Manager of the Decade Finalists."

Does it mean you should buy these top funds of the last decade? Well, I'm not sure what Morningstar is telling you, but the research indicates that investors shouldn't buy last year's, or last decade's, top performing funds.