How to Rate a Mutual Fund: Personalizing the Star System
For one, you can't really understand a fund, your investment, by staring at a checkmark or by gazing at the stars.
Another reason to jettison rating symbols is that they are all based on weighting systems that are unlikely to reflect your specific financial/investment profile: factors that are personal and unique, such as risk tolerance, investment horizon, financial goals, and tax situation.
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