Our List of Recommended Mutual Funds | Top Mutual Funds to Invest in
We’ve given you a few options when it comes to investing in mutual funds. Let’s recap our recommendations of top mutual funds to invest in and see what’s right for you.
Over the past few weeks, we’ve given you a few options when it comes to investing in a mutual fund. We’ve covered a wide variety of funds, from domestic to international, and even an intuitive tool that helps choose your portfolio for you. Let’s recap our recommendations and see if one of them is right for you.
Fidelity’s Mutual Fund (FZROX)
One of the first funds in Fidelity’s line of zero-expense-ratio mutual funds, FZROX is a great choice for investors. Introduced in 2018, FZROX, along with the ZERO International Index Fund has grown to more than $1 billion in assets.
Vanguard Total Stock Market Index Fund (VTSMX)
Established in 1992, VTSMX is an attractive investment option due to its low cost, tax efficiency and diversification. The fund’s parent company, Vanguard, is the largest mutual fund provider in the United States.
Vanguard Mutual Funds (VFIAX)
VFIAX is one of the more popular investment options available through Vanguard. It’s easy to invest in this fund. The minimum initial investment amount is $3,000. The fund is cost efficient and only charges an annual expense ratio of just 0.04%. This amounts to about $4 on a $10,000 investment.
Vanguard Total International Stock Index Fund (VGTSX)
For first-time investors of VGTSX, you’ll need a minimum investment of $3,000. If you have $10,000, you can partake of Vanguard’s prestigious Admiral share class. While you need a pretty penny to invest, you’ll enjoy the low percent expense ratio of 0.18 percent. If you are a member of the Admiral share class, you’ll enjoy an expense ratio that’s even lower, a staggering 0.04 percent!
Wells Fargo’s Intuitive Investor
What is the Intuitive Investor? Simply put, it is an automated investment program offered by Wells Fargo that uses algorithms to take a peek at any risk factors in your profile and, using that information, then offers a portfolio option catered just for you. This takes the guesswork out of choosing options for your own portfolio. First-time investors will find this tool extremely easy to use, and seasoned investors will love its simplicity.
Learn About Thrivent Mid Cap Stock Fund (TMSIX)
TMSIX invests at least 80 percent of its net assets into various equity securities, usually of mid-sized companies. The goal of this investment is long term capital growth. The fund has returned 13.14 percent over the past decade. The fund carries a high risk when compared to similar funds. This is likely due to the fact that the fund’s returns, either up or down, vary by over 23 percent.
T. Rowe Price Health Sciences Fund (PRHSX)
PRHSX seeks to invest at least eighty percent of its net assets. Currently the fund has an expense ratio of 0.77 percent, which is considered to be on the higher side. To invest in this fund, you’ll need to make a minimum investment of $2,500. PRHSX has returned 16.76 percent over the past decade.
Washington Mutual Investors Fund (WSHFX)
The Washington Mutual Investors Fund was founded on March 15th, 2001, making it a 21 year old mutual fund. If longevity and market strength are important to you, WSHFX is the perfect fund for your investment dollar. The minimum investment for this fund is $250, however the minimum investment for an IRA is only $25.
Fidelity Select Consumer Staples Portfolio (FDFAX)
The focus of this fund is to seek capital appreciation. Their strategy is to invest their assets in about 80 percent of companies that hold their securities in manufacture, distribution, or sale of certain staples to consumers. These companies are both held in the United States and abroad. FDFAX seeks common stocks and is a non-diversified fund. This means the companies that make up this fund are most likely companies you’ve heard of.
Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX)
VBTLX was created in order to give investors a broader exposure to certain investment-grade bonds in the United States. This fund invests in solid securities, such as those which are mortgage-backed of all kinds, including short, intermediate, and long-term securities, as well as in U.S. Treasuries.
Mutual funds are an excellent way to invest in a more diversified array of stocks that brings less of a risk than owning a single stock. Mutual funds won’t fluctuate as much as singular stocks which makes them a solid choice when investing for generational wealth.
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