Quote:
Originally posted by swedguy
Sorry. With "funds" I meant mutual funds.
The 100% IT mutual funds around the time when the bubble burst didn't do too well..... but they performed well for couple of years at least ;)
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Industry funds do that, they rise and fall with the industry. That still happens when you buy index funds, they rise and fall with the economy as it goes through its cycles of recession, recovery and growth. That's pretty much unavoidable if you want a reasonable rate or return. The Dow Jones Industrial average has an average growth rate of 11.8% per year over its entire existence. That beats the pants off of any CD, bond or other investment with a steady rate of return.
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