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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - October 05, 2020
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The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
If you are looking to diversify your portfolio, consider Lord Abbett Convertible Fund F (LBFFX - Free Report) . LBFFX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity. This fund is a winner, boasting an expense ratio of 0.97%, management fee of 0.7%, and a five-year annualized return track record of 10.86%.
T. Rowe Price New America Growth (PRWAX - Free Report) : 0.78% expense ratio and 0.64% management fee. PRWAX 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. PRWAX, with annual returns of 16.54% over the last five years, is a well-diversified fund with a long track record of success.
American Century Global Growth Investor (TWGGX - Free Report) . Expense ratio: 1.08%. Management fee: 1.07%. Five year annual return: 10.05%. TWGGX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations.
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.
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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - October 05, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
If you are looking to diversify your portfolio, consider Lord Abbett Convertible Fund F (LBFFX - Free Report) . LBFFX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity. This fund is a winner, boasting an expense ratio of 0.97%, management fee of 0.7%, and a five-year annualized return track record of 10.86%.
T. Rowe Price New America Growth (PRWAX - Free Report) : 0.78% expense ratio and 0.64% management fee. PRWAX 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. PRWAX, with annual returns of 16.54% over the last five years, is a well-diversified fund with a long track record of success.
American Century Global Growth Investor (TWGGX - Free Report) . Expense ratio: 1.08%. Management fee: 1.07%. Five year annual return: 10.05%. TWGGX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations.
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.