Question by Irony Of Poe: What is a good mutual fund for a long run investor?
-$ 4500 to contribute yearly (Including what the employer offers)
-Young investor planning for retirement
-A medium amount of risk is acceptable
Know any good mutual funds that would work?
Best answer:
Answer by Mary Ann V
Mutual fund people hate me ……LOL…….because I give the facts on mutual funds.
About 75% of all mutual funds under perform the stock market. All of them have management fees, and some have sales loads.
May I suggest a DRIP plan if you are talking about investing for the long-term.
They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp…….etc……..
They are inexpensive to start and maintain, and the dividends are reinvested for free.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.
What do you think? Answer below!
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