Question by Keenan G: What type of mutual fund should I get?
I am gonna put a portion of each paycheck away for retirement into a mutual fund, I am gonna be doing this for like 40 years, so which type of mutual fund would be best for me to get to get plenty of money in the long run?
Best answer:
Answer by tstadler4277
I put most of my stock portfolio into boring old index funds. There are many mutual funds that will outperform them but because of the extremely low fees that they charge index funds don’t have to perform as well and are an excellent choice. From a tax perspective they are also great because very few stocks are sold within the fun. The companies with the lowest fees are Fidelity and Vanguard. I use both of them. There are also retirement index funds which blend stocks and bonds appropriate for you age and automatically change as you get older. These would be Fidelity’s Freedom funds and Vanguard Target Retirement funds. Just pick the year you intend to retire and thats it.
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