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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - July 28, 2020
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If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.
Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Sarofim Equity Fund (SRFMX - Free Report) has a 0.7% expense ratio and 0.5% management fee. SRFMX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 10.91% over the last five years, this fund clearly wins.
Baron Opportunity Fund Retail (BIOPX - Free Report) is a stand out amongst its peers. With a much more diversified approach, BIOPX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. With five-year annualized performance of 20.1%, expense ratio of 1.36% and management fee of 1%, this diversified fund is an attractive buy with a strong history of performance.
Oppenheimer Gold & Special Mineral R (OGMNX - Free Report) : 1.42% expense ratio and 0.68% management fee. OGMNX is a Sector - Precious Metal mutual fund, typically investing in companies that are involved in the mining and production of precious metals like gold, silver, platinum, and palladium. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 17.54% over the last five years.
So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - July 28, 2020
If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.
Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Sarofim Equity Fund (SRFMX - Free Report) has a 0.7% expense ratio and 0.5% management fee. SRFMX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 10.91% over the last five years, this fund clearly wins.
Baron Opportunity Fund Retail (BIOPX - Free Report) is a stand out amongst its peers. With a much more diversified approach, BIOPX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. With five-year annualized performance of 20.1%, expense ratio of 1.36% and management fee of 1%, this diversified fund is an attractive buy with a strong history of performance.
Oppenheimer Gold & Special Mineral R (OGMNX - Free Report) : 1.42% expense ratio and 0.68% management fee. OGMNX is a Sector - Precious Metal mutual fund, typically investing in companies that are involved in the mining and production of precious metals like gold, silver, platinum, and palladium. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 17.54% over the last five years.
So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.