While an investment’s past
performance can help identify its strengths and weaknesses,
it cannot guarantee its future performance. As this
chart demonstrates, one year’s leading investment
can be another year’s worst investment
While municipal bonds were the worst performing investment category in 1999,
they were the second best performing category in 2001. Similarly, as mid-cap
growth stock led all other investment categories in 1999, it became the worst
performing category in 2001.
