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Constructing a nicely performing portfolio of mutual funds is an investor's first--but not only--task. Every year, you have to give your investments a tune-up to make sure that they can get you where you want to go.
In the last two years, your portfolio has no doubt suffered plenty of dings, dents, and even breakdowns. Despite a stock market rebound after the low hit 11 days after the World Trade Center attacks, the average U.S. stock fund took a 13.3 percent dive, the greatest decline since 1974. More than 1,200 stock funds sustained losses of 20 percent or more. Those declines followed a year 2000 drubbing that saw the average stock fund fall more than 10 ...