An Investor's Guide to CGM Focus

Ken Heebner's flagship, one of the Kiplinger 25, is the talk of the fund world. Before investing, though, know its risks.

The coronation of King Ken is under way. Before the old year had even ended, Investor's Business Daily published an article about the over-the-top returns in 2007 of Ken Heebner's CGM Focus fund.

Over the next few days, you'll see plenty more in the business and general press about Focus, which returned 80% in '07, beating Standard & Poor's 500-stock index by a tidy 74 percentage points. Only two specialized funds, both leveraged, did better last year.

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Manuel Schiffres
Executive Editor, Kiplinger's Personal Finance