Here are the standings at the midway point of the exciting Mutual Fund "You Pick 'Em" Game.
Michael M. is absolutely CRUSHING the competition with the Direxion Latin America Bull 2X Inv. with a whopping 18.0% return IN JUST 16 DAYS. This is exactly why I say that investing is for the long term. Once can not really pinpoint when an investment is going to make huge gains, but the money needs to be there when it happens.
The biggest loss of the week is Judy who dropped all the way from #2 to dead last with the China Bear 2X Fund. The most improved is Unnamed #1 who ventured from dead last to vault seven other competitors.
Overall, the returns indicate an overall market that is growing nicely. I must say that it has been much more pleasing to view the Sangl Family mutual fund account balances in recent weeks!
I really believe that it is important for folks to have exposure to the wide variety of mutual funds that are available. I hope that this contest is helping you learn more about the mutual fund markets and investing in general.
Has there been a particular mutual fund or funds that has caught your attention?
So, there are NINE more trading days. Will Michael M. hold his lead or will Andy C. erase the lead and win the huge Mutual Fund "You Pick 'Em" Game Prize?