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3 Great Mutual Fund Picks for Your Retirement - August 11, 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.
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 our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Principal Large Cap Growth I J (PLGJX - Free Report) has a 0.8% expense ratio and 0.6% management fee. PLGJX 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. With yearly returns of 16.19% over the last five years, this fund clearly wins.
T. Rowe Price Media & Telecomm (PRMTX - Free Report) : 0.76% expense ratio and 0.64% management fee. With a much more diversified approach, PRMTX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. PRMTX, with annual returns of 19.51% over the last five years, is a well-diversified fund with a long track record of success.
AB Small Cap Growth I (QUAIX - Free Report) . Expense ratio: 0.9%. Management fee: 0.75%. Five year annual return: 14.11%. QUAIX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion.
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.
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 Great Mutual Fund Picks for Your Retirement - August 11, 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.
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 our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
Principal Large Cap Growth I J (PLGJX - Free Report) has a 0.8% expense ratio and 0.6% management fee. PLGJX 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. With yearly returns of 16.19% over the last five years, this fund clearly wins.
T. Rowe Price Media & Telecomm (PRMTX - Free Report) : 0.76% expense ratio and 0.64% management fee. With a much more diversified approach, PRMTX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. PRMTX, with annual returns of 19.51% over the last five years, is a well-diversified fund with a long track record of success.
AB Small Cap Growth I (QUAIX - Free Report) . Expense ratio: 0.9%. Management fee: 0.75%. Five year annual return: 14.11%. QUAIX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion.
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.
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.