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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - February 07, 2020
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Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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 our Zacks 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 #1 (Strong Buy) Zacks Rank and have low fees.
Sarofim Equity Fund (SRFMX - Free Report) : 0.7% expense ratio and 0.5% management fee. SRFMX 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. SRFMX has achieved five-year annual returns of an astounding 10.34%.
Lord Abbett Developing Growth I (LADYX - Free Report) . Expense ratio: 0.69%. Management fee: 0.51%. LADYX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. This fund has managed to produce a robust 10.09% over the last five years.
State Street Institutional Premier Growth Equity Services . Expense ratio: 0.63%. Management fee: 0.37%. Five year annual return: 12.85%. SSPSX 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.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - February 07, 2020
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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 our Zacks 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 #1 (Strong Buy) Zacks Rank and have low fees.
Sarofim Equity Fund (SRFMX - Free Report) : 0.7% expense ratio and 0.5% management fee. SRFMX 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. SRFMX has achieved five-year annual returns of an astounding 10.34%.
Lord Abbett Developing Growth I (LADYX - Free Report) . Expense ratio: 0.69%. Management fee: 0.51%. LADYX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. This fund has managed to produce a robust 10.09% over the last five years.
State Street Institutional Premier Growth Equity Services . Expense ratio: 0.63%. Management fee: 0.37%. Five year annual return: 12.85%. SSPSX 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.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.