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Fidelity Growth Discovery K (FGDKX) - free report >>
Hennessy Cornerstone Mid Cap 30 Inv (HFMDX) - free report >>
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Fidelity Growth Discovery K (FGDKX) - free report >>
Hennessy Cornerstone Mid Cap 30 Inv (HFMDX) - 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 Growth Discovery K (FGDKX - Free Report) : 0.72% expense ratio and 0.65% management fee. FGDKX 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. FGDKX has achieved five-year annual returns of an astounding 16.36%.
Hennessy Cornerstone Mid Cap 30 Investor (HFMDX - Free Report) is a stand out amongst its peers. HFMDX is a Mid Cap Blend mutual fund, and usually features a portfolio with stocks of various styles and sizes, allowing for diversification within a strategy that focuses on mid cap companies. With five-year annualized performance of 15.84%, expense ratio of 1.36% and management fee of 0.74%, this diversified fund is an attractive buy with a strong history of performance.
Janus Henderson Global Technology Institutional (JGLTX - Free Report) : 0.74% expense ratio and 0.64% management fee. JGLTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With a five-year annual return of 17.56%, 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.