Do you have the right investments?

The answer has nothing to do with finding the single perfect stock or mutual fund. The key is changing your idea of what the 'right' investment really is.

Money 70: Long-term winners
Fund 10-Year Return
Royce Opportunity 18.18%
Pennsylvania Mutual 14.76%
FPA Perennial 14.76%
Meridian Growth 12.88%
Muhlenkamp 12.18%
Source: Morningstar
Do you ignore hot investing trends?
Many people think that there's one "right" investment out there that will solve all their problems. You know: If only I'd bought the ING Russia Fund that returned 68% last year, I'd be well on my way to living large in retirement.

But that's exactly the wrong approach. At best, searching for the perfect fund is a big waste of time. Unless you're clairvoyant, you can't know which fund will come out on top - returns are too unpredictable.

And at worst, engaging in a vain quest for a winner can lead to the classic and costly mistake of getting in at the peak. Funds that have been riding the tops of the performance charts are often ready to tank. Buying them is dangerous.
Asset Allocation Fees Avoid hot stocks Rebalance
You are if you can say yes to these four questions about your investing and money-management habits. (more)
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.