3 Great Mutual Fund Picks for Your Retirement - August 25, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.
The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
Goldman Sachs Small/Mid-Cap Growth Institutional (GSMYX) has a 0.93% expense ratio and 0.85% management fee. GSMYX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers. With yearly returns of 11.31% over the last five years, this fund clearly wins.
T. Rowe Price Global Stock (PRGSX) is a stand out amongst its peers. PRGSX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. With five-year annualized performance of 15.08%, expense ratio of 0.79% and management fee of 0.64%, this diversified fund is an attractive buy with a strong history of performance.
JPMorgan Intrepid Growth Fund R2 (JIGZX): 1.09% expense ratio and 0.3% management fee. JIGZX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.29% over the last five years.
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.
Get Your FREE Guide Now
Get Your Free (OGGFX): Fund Analysis Report
Get Your Free (PRGSX): Fund Analysis Report
Get Your Free (GSMYX): Fund Analysis Report
Get Your Free (JIGZX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.