Sometimes you may wish to know what the top performing mutual funds were in a previous year. This might be necessary if you are thinking about investing in a current mutual fund that has been running for some time.
It makes sense to check on the past performance of mutual funds before sinking your hard earned cash into them. After all, if you simply pick a fund at random and invest in it without knowing how it has done in the past, you could end up losing your money.
So how far should you go back? Obviously the more knowledge you can amass about a fund the better. For example finding out what the top mutual funds were in 2006 will help you to ascertain if they have been performing just as well ever since. This is no guarantee that they will perform just as well in the future, but it does at least give you something to go on.
Searching online is a good way to find the information you need. Simply search for 'top mutual funds 2006' (or whatever year you want to find information for) and see what results come up. You might have to do some considerable searching but sometimes you will find some good book results will pop up.
In this case you will find you can often buy books that have the results and research in that you want. And since the book could be a few years old it shouldn't cost too much either.
The American Association of Individual Investors released a guide which listed the best investments for 2006, and this is widely available from plenty of well known sources online. Search for it and buy a second hand copy if you wish. You can then use the knowledge you gain from it to decide where you could put your cash in the stock market in the coming year. Hopefully this knowledge will help point you in the right direction.
Once you have found some promising funds from 2006 you need to take a look at whether they have done well or badly in the intervening years. This will help you to pick a fund that you would feel happy to invest in.