This chapter stressed the importance of evaluating potential mutual fund investments. Now it’s your turn to try your skill at evaluating a potential fund investment. To complete this case assignment, you need to begin by picking a specific fund. You can choose any type of fund you think will help you achieve your personal financial goals.

For help choosing a fund, you may want to use the fund screeners at the Yahoo! Finance website (screener.finance.yahoo.com/funds.html) or MarketWatch (https://www.marketwatch.com/tools/mutual-fund/screener) or Fidelity (https://fundresearch.fidelity.com/fund-screener/). Once you have selected your fund, use information from the internet, professional advisory services, newspapers, or financial publications to research your fund.

Assignment

1. Explain the process you used to choose your fund.

2. Describe the specific sources of information you used to evaluate your fund. Were the sources of information helpful or not?

3. Based on your research, answer all of the questions on Personal Financial Planner Sheet 62, Mutual Fund Evaluation, that is located at the end of your text.

4. In a one- to two-page report, explain your decision to buy or not buy the fund you chose to research. Be sure to indicate whether this fund could help you obtain your personal financial goals and what you have learned about evaluating a mutual fund. Include the completed Personal Financial Planner Sheet 62, Mutual Fund Evaluation, with your report.