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.
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.
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 MFS Growth Fund R3 (MFEHX - Free Report) . MFEHX 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. This fund is a winner, boasting an expense ratio of 0.9%, management fee of 0.54%, and a five-year annualized return track record of 11.36%.
Putnam Global Technology A (PGTAX - Free Report) is a stand out amongst its peers. With a much more diversified approach, PGTAX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. With five-year annualized performance of 16.9%, expense ratio of 1.16% and management fee of 0.62%, this diversified fund is an attractive buy with a strong history of performance.
MSIF International Advantage I (MFAIX - Free Report) . Expense ratio: 0.98%. Management fee: 0.8%. Five year annual return: 10.19%. MFAIX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy.
So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.
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.