Time to Say Goodbye to That Struggling Fund?
And you thought last year was bad.
As we all now know, the tech-laden Nasdaq Composite peaked a year ago and has fallen more than 60% since then. Beyond stocks, that breathtaking tumble has smacked tech-heavy growth funds, which received the lion's share of fund inflows over the last two years. As Jim Cramer noted Monday morning, many obscure, and some well-known, stock funds are already down more than 40% -- an even 20 by my count -- through Friday's close. He advises dumping these reeling funds and other tech-heavy growth funds like those from Janus before each dollar you gave them last year turns into even less pocket change. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
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