We have 150,000 invested. Wondering what are 6 best mutual funds. Have with bank should we use a different adviser. Ours does nothing for us.
2007-03-25 07:09:07 · 7 answers · asked by mark1969 2 in Business & Finance ➔ Investing
Just so you know, Mutual funds aren´t for everyone. Personally, I wouldn´t invest in them unless I had to. For more detail on that, just do a search for where I´ve addressed this question in other answers.
However to answer your question, there are several rankings of mutual funds. Here are some of the sources with appropriate link.
Lots of sources for Mutual fund reports that you´re looking for. Here are some.
Money Magazine
http://money.cnn.com/magazines/moneymag/bestfunds/indexfunds.html
Morningstar
http://www.morningstar.com/Cover/Funds.html?pgid=hetabfunds
Kiplingers
http://www.kiplinger.com/personalfinance/investing/funds/?
MutualFundRankings
http://mutualfundrankings.org/
And you may want to take a look at this article on mutual funds too just so you have a little more info if you´ve got tax concerns.
http://www.stanford.edu/dept/news/pr/93/930429Arc3288.html
If you have any questions, please let me know.
Hope that helps!
2007-03-29 04:58:56 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
There is no " best" for everyone...we're all a little different when it comes to money....but I will tell you this: you should be with a brokerage house like Fidelity, T.Rowe, etc... They have advisers, they have pamphlets, they have THE info !
You'll want some " stability" with most of your money... and something in Real Estate and a little international....cover some bases for good times and bad and turn that 150 into 250...450...etc.!!!
The guy at the bank is just thinking..." Is Wendy's open yet?"
2007-03-26 03:04:47 · answer #2 · answered by jebediabartlett 6 · 0⤊ 0⤋
You could pick a sector or tow or more to invest in. Like housing,, do you expect ti to do good? or gold or foreign stock. Lots of sectors and just because one is at top today doesn't mean it will remain. Look at the no-load funds and stop paying your bank to do nothing. Yahoo finance is a great place to start.
2007-03-25 14:14:57 · answer #3 · answered by Jeff 3 · 0⤊ 0⤋
Top in what way? Return?
You don't want to chase the best return. Market segments move in and out of favor. If you buy something that was in favor last year, you will probably end up buying something that just went out of favor.
Buy one with a solidly above average long term (10 year or more) record.
PS - my best fund is Dodge and Cox Stock, but that's closed to new investors.
2007-03-25 16:31:49 · answer #4 · answered by Quixotic 3 · 0⤊ 0⤋
You adviser should be contacting you every 3 months to give you an update on your investments. i wan't to know the top 6 myself. Get a new Adviser yes. Take care Heather
2007-03-25 14:13:25 · answer #5 · answered by Anonymous · 0⤊ 0⤋
http://www.smartmoney.com they just did an article on the top 35 mutual funds good luck.
2007-03-25 17:07:28 · answer #6 · answered by Anonymous · 0⤊ 0⤋
You need to go to an actual mutual fund broker. Dave Ramsey has a link to those he endorses on his website. Try one of them.
2007-03-25 14:13:31 · answer #7 · answered by Tom's Mom 4 · 0⤊ 1⤋