There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Magellan
(FMAGX): 0.57% expense ratio and 0.46% management fee. FMAGX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. FMAGX has achieved five-year annual returns of an astounding 14.77%.Invesco Small Cap Value Y
(VSMIX) is a stand out amongst its peers. VSMIX is a Small Cap Value mutual fund, investing in small companies with stock market valuation less than $2 billion. With five-year annualized performance of 19.59%, expense ratio of 0.86% and management fee of 0.63%, this diversified fund is an attractive buy with a strong history of performance.Vanguard Global Capital Cycles Fund Investor
(VGPMX): 0.44% expense ratio and 0.42% management fee. VGPMX is classified as a Sector - Precious Metal fund, and these mutual funds invest in stocks with a focus on the mining and production of precious metals like gold, silver, platinum, and palladium. With a five-year annual return of 11.85%, this fund is a well-diversified fund with a long track record of success.We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.1% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Get Your Free (FMAGX): Fund Analysis Report
Get Your Free (VGPMX): Fund Analysis Report
Get Your Free (VSMIX): Fund Analysis Report
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