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Fidelity Adv Diversified Stock A (FDTOX) - free report >>
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Fidelity Adv Diversified Stock A (FDTOX) - free report >>
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3 Great Mutual Fund Picks for Your Retirement
It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Advisor Diversified Stock A (FDTOX - Free Report) has a 0.79% expense ratio and 0.4% management fee. FDTOX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 10.8% over the last five years, this fund clearly wins.
VY T. Rowe Price Diversified Mid Cap Growth Service Class (IAXSX - Free Report) : 1.03% expense ratio and 0.74% management fee. IAXSX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. IAXSX, with annual returns of 8.32% over the last five years, is a well-diversified fund with a long track record of success.
TIAA-CREF Large Cap Growth Premier (TILPX - Free Report) : 0.54% expense ratio and 0.4% management fee. TILPX 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 a five-year annual return of 10.91%, this fund is a well-diversified fund with a long track record of success.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.