This may be a stupid question, but:
When it comes to buying individual stocks, obviously a lot of average people buy high, then it falls and sell low. Which isn't making them any money.
When looking at mutual funds, what should you be looking at besides the average ytd/1yr/5yr/ect returns and expense ratio? To the me it would seem picking the fund with the highest long term return with lowest fee would make sense. But it also feels like I'm missing something.
Thanks in advance for helping a noob.