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FIDELITY SELECT BROKRG & INV (FSLBX) - free report >>
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FIDELITY SELECT BROKRG & INV (FSLBX) - free report >>
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3 Great Mutual Fund Picks for Your Retirement
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.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which 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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider Fidelity Select Brokerage and Investment Management (FSLBX - Free Report) . Sector - Finance funds offer a stable, diversified approach to investing that focuses on the financial industry, an infamously large, complex, and heavily-regulated space. This fund is a winner, boasting an expense ratio of 0.74%, management fee of 0.53%, and a five-year annualized return track record of 12.26%.
JPMorgan Growth Advantage R5 (JGVRX - Free Report) : 0.65% expense ratio and 0.55% management fee. JGVRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. JGVRX, with annual returns of 12.82% over the last five years, is a well-diversified fund with a long track record of success.
GMO Quality VI (GQLOX - Free Report) : 0.4% expense ratio and 0.39% management fee. GQLOX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 11.42% over the last five years.
There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.