Funds that earn a place of distinction on the Forbes Honor Roll are like those Thoroughbreds that can run as well on fast tracks as on sloppy ones. Inevitably when investing for the long haul, you're going to experience both bull and bear markets. Odds are that you'll be better off wagering on the funds (and the managers) who've proven themselves in all kinds of weather, on all kinds of tracks. Consider this: A good number of tech funds are soaring this year. That's fine, but it's still not much consolation to anyone who invested in them several years ago and is still sitting on huge losses. The longer-term records for these portfolios are lousy. You build your wealth successfully by losing less than others during down markets, even if your returns in up markets are not dynamite.
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