AboutWarren Boroson Expertise Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.
Experience Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.
Question what do you think of janus mid cap value fund for a long term investment [ 10 years or better]
Answer Dear David:
Morningstar loves that fund. It's an "analyst pick." It's "built for long-term success."
But...
Morningstar has in the past worried about the increasing size of the fund--$6.6 billion recently.
And 10 years is a long time. What if the managers left--perhaps to start a hedge fund?
At one time, Magellan looked like a long-term winner. Then Lynch left--and its glittering record became badly tarnished.
And I hope you don't intend to make this fund the bulk of your portfolio. You should have foreign stocks/funds, too, for example.
In short, this is a good choice in a well-diversified portfolio. But keep watching it. Portfolio managers have a saying: At one time, every stock deserves to be sold. A corollary is that at one time, every mutual fund deserves to be sold.
