It's Black Friday – a day of deals, but also impulse buys that only look like good deals. On this occasion, I want to warn of a hidden game within the mutual fund arena – yet another “auto-pilot” part of the multi-trillion-dollar investment business, where investment Advisors / RIA’s allocate money to mutual funds that are rated 5 stars by Morningstar, yet by and large, massively underperform. It would boggle your mind to know how little investment analysis / “kicking the tires” is going on behind the scenes. We can do better. –Glenn MORNINGSTAR MIRAGE Investors everywhere think a 5-star rating from Morningstar means a mutual fund will be a top performer—it doesn’t By Kirsten Grind, Tom McG
On Glenn's Desk
Glenn D. Surowiec
Registered Investment Advisor
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