The Good, The Bad, And The Average

A record number of folks jumped on the investment bandwagon in 1996 in search of '95's lofty gains. Last year was nearly as good, but '97 might prove to be a letdown.

show the value of $1,000 invested three years ago.

There are six families of mutual funds that are black-owned and managed. However, they did not make our list.

The best strategy for investing in mutual funds, advise financial experts, is to diversify–spread your money and risk across various investment styles. Ideally, your portfolio should comprise at least five mutual funds from different categories (newcomers should see table: “Great Starter Bets”). In this way, you can maintain a core group of funds to meet certain goals–retirement, buying a second home or financing a child’s education–and achieve ultimate financial success.

Great Starter Bets
Five mutual funds to help first-time investors reap maximum returns

Fund

Min. Initial Investment

Max. Sales Load

Expense
Ratio

3-Year Return (ending 12/31/96)

Telephone

Hancock Regional Bank B $1,000*

5.0%

2.09%

23.7%

800-225-5291

Seligman Commun & Info. 2,500**

4.75

1.25

29.5

800-221-2450

Janus Worldwide 2,500***

none

1.02

16.9

800-525-8983

PBHG Growth 2500

none

1.45

20.0

800-433-0051

AIM Balanced A 500

4.75

1.46

15.0

800-347-1919

*$25 per month if the money is deducted directly from your personal bank account
**Or, $200 minimum plus $200 per month or $500 per quarter
***Or, $500 minimum plus $100 per month

B.E.’s TOP MU
TUAL FUNDS

   

TOTAL RETURN PERFORMANCE

EXPENSE ANALYSIS

   
Mutual Fund Name

Net
Asset
Value

1-yr
Cumulative

3-yr
Cumulative

5-yr Cumulative

Min. Initial Inv.

Max. Sales
Charge

Total Expense Ratio

3-Yr Investment total Per $1,000

Telephone
Number

BALANCED
IInvesco Mult: Balanced $13.83 14.66% 71.22% N/A $1,000 0.00% 1.29% $1,712.21 800-525-8085
Flag Inv Value Bldr; A 16.98 24.61 64.81 N/A 2,000 4.50 1.31 1,648.09 800-767-3524
Flag Inv Value Bldr; D 16.97 24.22 63.14 N/A 2,000 1.50 1.86 1,631.42 800-767-3524
Westwood Balanced; Rt 9.68 18.11 54.99 91.72% 1,000 0.00 1.25 1,549.87 800-937-8966
Vanguard Wellington 26.15 16.19 53.69 88.29 3,000 0.00 0.33 1,536.88 800-662-7447
CAPITAL APPRECIATION
Alger: Capital Apprec; B $21.59 13.79% 98.19% N/A None 5.00% 2.46% $1,986.89 800-992-3863
Putnam Cap Apprec; A 16.89 30.12 85.50 N/A 500 5.75 1.29 1,855.05 800-225-1581
Rydex; Nova Fund 17.56 27.29 82.33 N/A $25,000 0.00 1.31 1,823.34 800-820-0888
Stein Roe Capital Oppty 28.11 20.39 81.51 137.08% 2,500 0.00 1.25 1,815.08 800-338-2550
Perkins Opportunity 15.22 —7.33 81.42 N/A 2,500 4.75 1.97 1,814.22 888-737-5677
EQUITY INCOME
Kemper-Dreman: HI Ret; A $26.52 28.79% 87.28% 145.04% $1,000 6.75% 1.57% $1,872.79 800-621-5027
STI Classic: VI Inc;Tr 12.27 19.46 68.14 N/A 2,000 0.00 0.92 1,681.37 800-814-3397
T Rowe Price Equ Income 22.54 20.40 67.83 119.97 2,500 0.00 0.82 1,678.26 800-638-5660
STI Classic: VI Inc. Inv. 12.26 19.06 65.95 N/A 2,000 3.75 1.30 1,659.51 800-814-3397
Putnam Equity Income; A 13.12 21.32 65.42 102.08 500 5.75 1.13 1,654.28 800-225-1581
GROWTH
Franklin Str: CA Growth $20.44 30.43% 124.39% 178.34% $100 4.50% 0.71% $2,240.67 800-342-5236
White Oak Growth Stock 23.65 32.28 114.77 N/A 2,000 0.00 0.95 2,147.69 800-932-7781
Mairs

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