It’s never too late to invest in mutual funds for retirement. The Zacks Mutual Fund Rank is also a great tool for investors looking to invest in the best funds.
How do you tell the difference between good mutual funds and bad mutual funds? This is very basic. If a fund is well-diversified, has low fees, and performs well, it’s a keeper. The range is wide, of course, but I used Zacks Mutual Fund Rank to find three of his mutual funds that would be great additions to a long-term retirement investor’s portfolio.
Let’s take a look at some of the top-ranked mutual funds with the lowest fees.
If you want to diversify your portfolio, consider: German Science and Technology S (KTCSXMore – free report). With a more diversified approach, KTCSX, part of the sector-tech mutual fund category, offers investors a way to own shares in the notorious tech sector. This fund is a winner with an expense ratio of 0.71%, a management fee of 0.45% and a 5-year annualized return of 12.77%.
Federated MDT Mid Cap Growth R (FGSKX – Free report): Expense rate 0.83%, Administration fee 0.75%. FGSKX is a mid-cap growth investment trust. These mutual funds select companies with stock market valuations between $2 billion and $10 billion. With an annual return of 10.41% over the last five years, FGSKX is an effectively diversified fund with a longstanding reputation for solid performance.
Fidelity OTC Portfolio K (fock – free report). Expense ratio: 0.69%. Administration fee: 0.68%. Five-year annual return: 13.67%. FOCKX is a large cap growth mutual fund, and these funds invest in many of the largest US companies expected to grow at a faster pace than their large cap peers.
There it is. If your financial advisor asks you to invest their money in one of our top-ranked funds, they have you covered. If not, we may need to discuss it.
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