If you're a regular reader of
you probably know to take mutual fund advertising claims with a grain of salt. But some less sophisticated investors could be misled by impressive-looking short-term results -- and an
Securities and Exchange Commission
rule is partly to blame.
In Saturday's Personal Finance Focus,
, a former SEC assistant chief counsel and occasional
contributor, explains how SEC reporting requirements sometimes permit -- actually, require -- fund companies to advertise their latest 12-month returns, even when they might prove misleading.
Also coming Saturday:
- Jim Cramer reveals the list of funds into which he
promised last Saturday to sink $100,000 of his own money.
Ian McDonald turns up a collection of bargain-priced growth stocks favored by mutual fund managers in
The Big Screen.
Tracy Byrnes explains whether Roth IRA distributions can count toward the alternative minimum tax in
Ilana Polyak profiles a Web investing site that bundles free portfolio advice with its mutual funds.
We'll also have
Tools of the Trade column, Options Forum and more. See you Saturday.