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Taxes are similarly damaging, and investors are wise to pick funds that keep annual tax bills to a minimum.
Some managers question whether it even makes sense to pick funds on the basis of their having not lost money in the last 10 years.
That's the opposite of what an investor might have expected by using Morningstar's ratings to pick funds at the beginning of that bull market.
It's possible to pick funds that can go long and short at the same time, gain only in bear markets or are market-neutral — producing a small return in any market climate.
Even when investors buy stock funds now, they tend to pick funds that practice value investing, a bargain-hunting style practiced by Warren Buffett that was out of fashion in the bull market.
Mr. Glassman said the lesson from the study was not to pick funds named after their managers but to look for funds with positive characteristics like long-tenured managers with good track records, low turnover and low expenses.
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WHENEVER one writes about the failure of active managers to beat the index, someone is bound to pop up online and argue that people don't pick fund managers at random.
Pick fund companies that have shown they're willing to close funds before they get too large.
My broker tells me he can pick stocks, time the market and pick fund managers likely to outperform.
"You have to be judicious in picking funds".
But picking funds based on their losses is dangerous, fund analysts warned.
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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