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It’s never too late to invest in mutual funds for your retirement. So if you’re looking to invest in the best funds, the Zacks Mutual Fund Rank can provide valuable guidance.
How can you tell the difference between a good mutual fund and a bad mutual fund? This is very basic. If a fund is diversified, has low fees, and performs well, it’s a keeper. The range is wide, of course, but we used the Zacks Mutual Fund Rank to find his three best mutual funds to add to a long-term retirement investor’s portfolio.
Learn about some of the lowest-fee, Zacks-ranked mutual funds you may want to consider.
Fidelity Advisor Convertible Security Institutional (FICVX – Free Report) has an expense ratio of 0.77% and a management fee of 0.57%. FICVX is classified as a convertible bond fund, making it a very unique fund in the fixed income world. These types of securities are hybrids. That is, it includes elements of both bonds and stocks. With an annualized return of 11.44% over the past five years, this fund is a clear winner.
MFS Growth Fund I (Muffix – Free Report) stands out among its peers. MFEIX is a large-cap growth option. These mutual funds buy shares in a number of large U.S. companies that are expected to develop and grow at a faster pace than other large-cap stocks. With a five-year annualized performance of 15.88%, an expense ratio of 0.59%, and a management fee of 0.49%, this diversified fund has a history of strong performance and is an attractive buy.
T. Rowe Price Capital Opportunity R (RRCOX – Free report): Expense ratio 1.08%, management fee 0.33%. RRCOX is classified as a large-cap blend fund. Large Cap Blend mutual funds often invest in companies with market capitalizations of more than $10 billion. Buying shares in larger companies increases the stability of these funds, making them suitable for investors with a “buy-and-hold” mindset. The fund invests primarily in stocks and has a long reputation for strong performance, with an annualized return of 14.91% over the past five years.
These examples highlight the fact that there are surprisingly good mutual funds out there. If your advisor steers you in the right direction, bravo! If not, you may need to have a conversation.
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