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These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio August 28, 2020
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Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Dreyfus Appreciation Fund (DGAGX - Free Report) : 0.89% expense ratio and 0.55% management fee. DGAGX 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 annual returns of 11.24% over the last five years, this fund is a winner.
Goldman Sachs Strategic Growth R (GSTRX - Free Report) : 1.39% expense ratio and 0.71% management fee. GSTRX 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. GSTRX, with annual returns of 13.85% over the last five years, is a well-diversified fund with a long track record of success.
MFS Mid-Cap Growth Fund I (OTCIX - Free Report) . Expense ratio: 0.8%. Management fee: 0.69%. Five year annual return: 13.78%. OTCIX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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.
Image: Bigstock
These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio August 28, 2020
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Dreyfus Appreciation Fund (DGAGX - Free Report) : 0.89% expense ratio and 0.55% management fee. DGAGX 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 annual returns of 11.24% over the last five years, this fund is a winner.
Goldman Sachs Strategic Growth R (GSTRX - Free Report) : 1.39% expense ratio and 0.71% management fee. GSTRX 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. GSTRX, with annual returns of 13.85% over the last five years, is a well-diversified fund with a long track record of success.
MFS Mid-Cap Growth Fund I (OTCIX - Free Report) . Expense ratio: 0.8%. Management fee: 0.69%. Five year annual return: 13.78%. OTCIX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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.