I'm thinking about investing in a mutual fund with average to above average risk- less than a $1,000, for at least 2 to 3 years. Any suggestions on good funds, or what I need to look for in a fund. This is my first time investing.
2006-12-03 05:44:24 · 5 answers · asked by locusfire 5 in Business & Finance ➔ Investing
State Farm Growth Fund has only a $100 minimum and the expense ratio is below a quarter of 1%, which is about as low as it gets for non-institutional customers of mutual funds. The return over the last year has been 18%. I don't know how you buy it - maybe you have to be an insurance customer. (I have a brokerage account with another mutual fund family, and I can't buy it through them.)
2006-12-03 07:14:44 · answer #1 · answered by dura mater 2 · 0⤊ 0⤋
I'd recommend buying stocks. Mutual funds don't give as good of a return as stocks do. The mutual fund managers and employees have to get paid, which cuts into your earnings. In addition, they often pay advisers to recommend them, so your adviser is earning money as long as you own the fund, which further cuts into your earnings. Mutual funds add middlemen, which adds cost, so go direct with stocks.
2006-12-03 08:56:33 · answer #2 · answered by STEPHEN J 4 · 0⤊ 0⤋
How about Chinese emerging markets? Baby boomers are getting older, and will need more healthcare, so Healthcare wouldn't be bad. Search for a mutual fund that follows these sectors.
2006-12-03 06:10:52 · answer #3 · answered by trancevanbuuren 3 · 0⤊ 0⤋
the best funds over the last 5 years have all been in the Latin American market. Volatile but paying off well.
2006-12-03 07:35:55 · answer #4 · answered by Modus Operandi 6 · 0⤊ 0⤋
The mutual fund agencies with the suitable reputations are leading edge, constancy and T Rowe cost. All 3 agencies furnish a form of money with incredibly low costs and long term outcomes that are as sturdy or extra helpful than their opposition. I at the instant have maximum persons of my money at leading edge, with particularly at constancy. in case you opt for a balanced fund - form of two/3 shares and one million/3 bonds - try leading edge Wellington (VWELX). a sensible determination for an all-US inventory fund could be leading edge entire inventory industry index (VTSMX). For a international fund, try leading edge entire international inventory industry Index (VGTSX). constancy and T Rowe cost have comparable money, in case you settle directly to pass with them. All 3 agencies additionally furnish aim date retirement money, in case you opt for a single assorted fund with a probability point that is suited to your age.
2016-12-13 19:13:26 · answer #5 · answered by ? 4 · 0⤊ 0⤋