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Fidelity Select Financials Port (FIDSX) - free report >>
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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio
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.
Let's take a look at some of our top-ranked mutual funds with the lowest fees.
Fidelity Select Financial Services (FIDSX - Free Report) : 0.76% expense ratio and 0.53% management fee. FIDSX is a Sector - Finance mutual fund option, which provide investors with a diversified and stabilized investment approach focused on the financial space, which is a notoriously large, complex, and heavily-regulated industry. With annual returns of 13.8% over the last five years, this fund is a winner.
JPMorgan Intrepid Value Fund R5 (JIVRX - Free Report) : 0.44% expense ratio and 0.3% management fee. JIVRX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. JIVRX, with annual returns of 11.34% over the last five years, is a well-diversified fund with a long track record of success.
BNY Mellon Income Stock Fund M (MPISX - Free Report) : 0.86% expense ratio and 0.65% management fee. MPISX 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 a five-year annual return of 13.22%, 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.