When you do you exit a well-performing mutual fund? It is easy enough to recognize and exit a poorly performing fund.
What about the good ones? Say your goal is 15 years away and for the first five years one of your funds has returned year-on-year 25%. Do you redeem (say at least returns) and move it to safer investments? If you held on to the fund and suffered a loss in the 6th year and future years were bleak for funds (like last year) wont you lose out?
So When you do you exit a well-performing mutual fund?