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I was cleaning up and going through some old stuff and I found a list of old mutual funds from 1993.
After looking into mutual funds a lot recently I realized that some of these funds no longer exist that were around in 1993.
When I used mutual fund screens I noticed that very very few funds showed a loss after 10 years. At first I thought that was because it's very likely that what they were invested in went up in that amount of time.
But now I'm wondering if some of the funds that did bad no longer exist. I can't find any info on some of the funds that are no longer around that were around in 1993.
I just wanted to see if anyone knew what happens to these funds that no longer exist. And if that explains what so very few funds seem to show losses over 10 years...maybe the ones that do bad just get canceled or something.
Jim
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