Time to Put a Premium on Safety

With what he sees as many risks in the market, S&P's Philip Edwards reiterates some basic advice: Focus on quality mutual funds

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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