Lies and Truths #6: Magazine Covers

This post continues our "Lies and Truths" series.  To see the other posts, click on the link "Lies andTruths" found both at the bottom of this post and in the sidebar under LABELS. 

Here is the next TRUTH:

No one ever prints a magazine cover with NEXT year's top performing funds.

Not even the fund companies or brokerage companies know what funds or stock are going to do well next year.  If they did, they wouldn't NEED hundreds of funds and fund managers.  Instead, they would have one predictably sound mutuall fund. They don't.  They hedge their bets.  They create new products for you. 

In reality, they have no idea what their so-called "experts" will produce.