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These funds join fellow small-cap funds FBR Small Cap Financial and Royce Special Equity in Fund*X's Upgrader portfolio, which chooses funds based on relative strength over the past three-, six- and 12-month periods.
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The stakes are high for an investor choosing funds in volatile times.
After all, very few investors were choosing funds according to after-tax performance.
So if providers of other people's money choose funds wisely, there is not much for them to complain about.
Keep in mind, though, that Value Line -- like Morningstar -- does not recommend that investors choose funds solely because of their ratings.
Money Observer has been my primary teacher and I did fairly well in choosing funds until the last boom.
The investment implication of these results depends on whether you choose funds on the basis of recent returns.
One explanation is the "hand-holding principle"; choosing funds is tricky and clients feel cautious about doing it on their own.
Investors who choose funds based on bull-market performance might overlook those that periodically take huge cash positions when their managers feel stocks are overvalued.
Still, he warned against seeking the highest yield, which he said would inevitably lead to more risk, or choosing funds tilted toward long-term bonds.
"That people use Morningstar ratings, given this, as a way of choosing funds is nuts".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com