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Chapter 12. At the Scene of the Crime: F... > Red Flag 8: When a Fund Has a Histor...

Red Flag 8: When a Fund Has a History of Moving Away from Its Advertised Intentions

If you put your money in a fund set up to invest in lower-risk consumer products and food and beverage companies, you shouldn’t wake up one morning and find a big chunk gone because it invested in here-today-gone-tomorrow telecommunications companies, such as WorldCom or Global Crossing. And, diversified means what it says, not a fund that is half energy traders like Enron and Dynegy.


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