MONITORING YOUR FUNDS

Most investors find that it is relatively easy to identify those mutual funds that are currently performing well—especially with the wealth of monitoring tools available from Yahoo! Finance. Where many run into difficulty is monitoring the funds they have identified and determining when to sell those funds they have purchased. Unfortunately, this is where most investors make mistakes and wind up losing much more than they should.

The most crucial mistake most mutual-fund investors make is holding onto a losing fund. For whatever reason—they have become emotionally attached to the fund, they have told themselves the fund is bound to turn around or that they are long-term investors and just need to stick it out—they sit back and watch these losing funds drain money out of their portfolios. But you do not have to suffer the same fate.

This section takes a look at Yahoo! Finance’s most popular and powerful monitoring tool: Portfolios

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