The investing environment for oil & gas producers remains bullish in 2008, as record oil prices headline the news almost daily… and analysts see a lot more coming. Since Goldman Sachs predicted a two-year move to $200 in the commodity, people have had renewed confidence in buying up companies that deal with oil, and its cleaner alternative, natural gas.

Before March 2000, in the bull market, whisper numbers were all the rage. In fact, these estimates became so popular for the outlandish pre-”tech bubble” gainers that Wall Street often notched real estimates lower than actual expectations just to be able to “beat the consensus.” Today, earnings whispers are still used, but not as confidently as before.

Many people think that investing in mutual funds is the way to go and the best method for getting rich. I think mutual funds are horrible investments. Here are 8 reasons why you should not invest in mutual funds.