Find mutual fund investing exciting and profitable but troubled by lack of monitoring? Consider bookmarking FundAlarm which sets benchmarks for each fund's performance.
CPA Roy Weitz uses the Vanguard 500 Index, for example, to evaluate the performance of funds that invest primarily in large-cap U.S. common stocks. To judge specialty funds he averages returns from mutual funds investing in such areas as communication, financial and health.
Underperforming funds wind up on the 3-Alarm list, and the worst on the Most Alarming 3-Alarm list. There's also a list of No-Alarm funds -- in effect, an honor roll for mutual funds.
To stay in the know about what's going on in various mutual fund companies, view the highlights and commentary on recent managerial changes. Have special questions? Post them on the bulletin board or send them directly by e-mail.
