Apr 18, 2023 – 3 Mutual Fund Recommendations for Retirement

Retirement


It’s never too late to invest in retirement mutual funds. So, Zacks Mutual Fund Rank provides valuable guidance if you plan to invest in the best funds.

The best way to nominate a good mutual fund is to ensure solid performance, diversification and low fees. Some are better than others, but we took advantage of Zacks Mutual Fund Rank to identify three of his mutual funds that are sure to add to your retirement portfolio.

Learn about some of Zacks’ highest-ranked mutual funds with low fees that you might want to consider.

MFS Blended Research Growth Eq R6 (BRWVX Free Report) : 0.42% expense ratio, 0.4% administration fee. BRWVX is a large cap growth option. These mutual funds buy shares in a number of large US companies that are expected to develop and grow at a faster rate than other large-cap stocks. With annual returns of 10.82% over the last five years, this fund is a winner.

Oppenheimer Gold & Special Mineral R (OGMNX free report). Expense ratio: 1.32%. Administrative fee: 0.58%. OGMNX is categorized as a Sector – Precious Metals Fund and these mutual funds invest in equities with a focus on mining and producing precious metals such as gold, silver, platinum and palladium. The fund has delivered a solid return of 10.69% over the past five years.

T. Rowe Price Capital Opportunity A (Pacox Free report) : Expense rate 0.82%, Administration fee 0.32%. PACOX is part of the Large Cap Blend section and these mutual funds mostly invest in companies with a market capitalization of $10 billion or more than his. By investing in larger companies, these funds offer more stability and are often well suited to investors with a ‘buy and hold’ mindset. With a 5-year annual return of 10.88%, this fund is a well-diversified fund with a long track record of success.

These examples highlight the fact that there are surprisingly good mutual funds out there. If your advisor has you on good terms, bravo! If not, we may need to discuss it.


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