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FIDELITY SELECT BROKRG & INV (FSLBX) - free report >>
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FIDELITY SELECT BROKRG & INV (FSLBX) - 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.
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 the Zacks Mutual Fund 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 Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Select Brokerage and Investment Management (FSLBX - Free Report) : 0.74% expense ratio and 0.53% management fee. Sector - Finance funds offer a stable, diversified approach to investing that focuses on the financial industry, an infamously large, complex, and heavily-regulated space. FSLBX has achieved five-year annual returns of an astounding 12.28%.
Bridges Investment Fund (BRGIX - Free Report) : 0.75% expense ratio and 0.5% management fee. BRGIX 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. With yearly returns of 12.44% over the last five years, BRGIX is an effectively diversified fund with a long reputation of solidly positive performance.
Voya Growth & Income Portfolio S (ISVGX - Free Report) : 0.92% expense ratio and 0.6% management fee. ISVGX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. With a five-year annual return of 11.67%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.