Time to Put a Premium on Safety
Investors need "to be patient, to be diversified, and to focus on funds that invest in quality stocks." So advises Philip Edwards, managing director of Standard & Poor's Investor Services, which tracks and rates mutual funds. And he reports that in the second quarter of 2005, the average equity fund gained 2.4%, vs. 1.2% for the S&P 500-stock index.
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