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Showing posts from February 15, 2006

Which money manager?

I gave up long ago trying to find the best mutual fund manager. Every time I'd find the best, the next year that one wouldn't be the best anymore and someone else, coming out of the blue, would be. It's a story well known in the financial services industry, you'll hear it touted all the time on financial talk shows as a "warning." I got to the point where I just looked for someone I liked, who was easy to work with, that did a decent job over the last five years, and, as was the case years ago with the well managed American Century , someone that had fewer choices. Yes, that's fewer choices! I was wasting too much time, and going crazy, trying to decide from the 80-250 funds that Vanguard and Fidelity , although two of my favorite companies then, had to offer. Other companies like Nicholas Funds and American Funds (not American Century) had too few options in those days. American Century, then Twentieth Century, had just the right amount of well m