Page 9 - Jupiter Ocean Mile - October '19

Jupiter Ocean Mile, Page 9
Financial Focus Chief’s Corner

Don’t Chase Last Year’s Mutual It probably isn’t – and the main reason you shouldn’t Dear Residents,
chase performance this way is things change very quickly
Fund Category Winners in the mutual funds arena. It’s quite possible – and has Halloween is an exciting
happened many times – that the top category last year time for kids to dress up as
By Sally Sima Stahl can fall into one of the worst-performing ones this year, their favorite characters
The world of mutual and vice versa. Consequently, your efforts to capture a and go door to door trick-
funds can be confusing. winning trend may be futile. or-treating throughout the
With more than 9,000 funds Of course, within the context of investing in various neighborhood.
on the market, how can you mutual fund categories, you still need to choose individual To ensure you and
choose the ones that are funds. And, as is the case with categories, you might be your family have a
right for you? tempted to give considerable weight to a fund’s track safe Halloween, please
One way to start is by record. But, similar to the situation with fund categories, remember these important
considering the various “chasing performance” is typically not a good strategy safety tips for trick-or-
categories of mutual funds – after all, last year’s “hot” fund may have cooled off treating:
– and there are quite a considerably this year. Nonetheless, reviewing a fund’s • Wear reflective tape on costumes or treat bags for
few of them: Small Cap longer-term track record can help you understand how visibility.
Growth, Large Cap Growth, Large Cap Value, Diversified it might perform through the ups and downs of the • Make sure the costume is easy to walk in.
Emerging Markets, Foreign Large Cap Blend and more financial markets. Always keep in mind, though, that past • Consider using face paint rather than a mask that will
– the list is extensive, and for many people, confusing. performance can’t guarantee how the fund will perform cover the eyes.
However, with a little study, you can understand why in the future. • Carry a flashlight or glow stick.
these funds have their names – for example, a Small Cap Mutual funds are popular investments – and for good • Always walk in groups or pairs.
Growth fund will contain stocks of smaller companies reason. Since each fund generally contains dozens of • Stop at well-lit homes in familiar neighborhoods.
thought to offer growth potential. Once you know the securities, you get a degree of diversification you can’t • Never enter anyone’s home to accept candy!
goals of different categories of mutual funds, you can achieve from owning individual stocks or bonds. And, • If it’s late and no more kids are about, do not answer
determine which ones fit into your overall investment as discussed above, you can diversify further by owning your door to a random knock.
strategy. funds from several categories. Just remember, though, • Be cautious of strangers.
This is important, because you want to ensure your that as you build your mutual fund portfolio, don’t get • A grownup should inspect treats before eating. When in
portfolio is appropriately diversified. For example, if caught up in last year’s results – because old news just doubt, throw it out!
you find that almost all of your mutual funds come from may not be that relevant today. By following these tips, we will all have a happy
the above-mentioned Small Cap Growth category, you Mutual fund investing involves risk. Your principal Halloween. Please continue to visit us on our website at www.
may be taking on more investment risk than you’d like, and investment return in a mutual fund will fluctuate in jupiter.fl.us/jpd and on Facebook @JupiterPolice to learn
because funds that offer the greatest growth possibilities value. Your investment, when redeemed, may be worth about new and happening events within the Town of Jupiter.
also usually carry the highest degree of market volatility. more or less than the original cost. Sincerely,
Typically, you may be better off owning an array of mutual This article was written by Edward Jones for use by Daniel J. Kerr, Chief of Police
funds drawn from several different categories, with the your local Edward Jones financial advisor. Edward Jones,
percentage each category occupies in your portfolio based its employees and financial advisors cannot provide tax
on your goals, risk tolerance and time horizon. (Keep in or legal advice. You should consult your attorney or
mind, though, that while diversification can help reduce qualified tax advisor regarding your situation.
the effects of volatility, it doesn’t guarantee a profit or Call me for a free portfolio review at (561) 748-7600,
protect against losses in a declining market.) Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
You might be tempted to choose categories by looking 106, Jupiter, FL 33458.
at which most recently outperformed the others, and just
stick with those groups. But is this a good idea?
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