Five-star mutual funds don't live up to their past

Dae: Fri, 28 May 2010 12:00:52 -0400

FIVE-STAR MUTUAL FUNDS DON'T LIVE UP TO THEIR PAST
Many investors allocate money to funds by looking at products that
have four- or five-star ratings from investment researcher Morningstar
Inc., take that as a seal of quality, and hope for the best.

BEARISH SENTIMENT IS GOOD NEWS FOR INVESTORS
There's some good news for investors after weeks of whipsawed markets:
Bearish sentiment is at its highest in months.

CONGRESS MAY TWEAK SOME COLLEGE-SAVINGS-PLAN RULES
Parents are busy prepping their high-school graduates for college --
that should include catching up on the latest rules for 529 plans.

ENERGY REGULATOR GOES, OBAMA SAYS GULF TOP PRIORTY
The head of the controversial agency responsible for regulating
drilling the Gulf of Mexico, derided as too cozy with the energy
industry, quits just hours before scheduled congressional testimony.

BP 'SPILL COSTS TOP $900 MILLION
BP said Friday its price tag for the worst oil spill in U.S. history
climbed close to $1 billion as the firm continues its effort to plug
the blown out well that's been gushing at least 12,000 barrels a day
for five weeks.