six-steps for choosing the best mutual funds

Step 1: Determine why I want or need a new fund.
Step 2: Cut to the asset class first then apply the selection criteria.
Step 3: Learn the story of the fund and its manager.
Step 4: Examine peers and check returns.
Step 5: Choose the finalists, get independent research and read the prospectuses.
Step 6: Jot down my thinking and write the check.

Come up with your own plan of attack, writing down your criteria in order of importance, before buying your funds.