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Red Oak Technology Select (ROGSX) - free report >>
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Red Oak Technology Select (ROGSX) - free report >>
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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - December 19, 2019
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.
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.
T. Rowe Price Institutional Mid-Cap Equity Growth (PMEGX - Free Report) has a 0.61% expense ratio and 0.6% management fee. PMEGX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With yearly returns of 13.83% over the last five years, this fund clearly wins.
MFS Mass Investors Growth Stock C (MIGDX - Free Report) : 1.48% expense ratio and 0.33% management fee. MIGDX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With yearly returns of 12.76% over the last five years, MIGDX is an effectively diversified fund with a long reputation of solidly positive performance.
Red Oak Technology Select (ROGSX - Free Report) . Expense ratio: 0.94%. Management fee: 0.74%. Five year annual return: 17.03%. With a much more diversified approach, ROGSX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector.
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.