Question : What is a good mutual fund to invest in?
I am looking to invest in a mutual fund. Do you now any mutual funds with consistent high yields?
- asked by Neil P
All Answers:
Answer #1
I would not recommend any mutual funds. Themajority of mutual funds charge too high fees. Iwould recommend that you look at ETF (exchangetraded funds which achieve the same goals withgenerally lower fees).If you are looking forYIELD, i.e. current income from your investment Iwould recommend the Ishares Dow Jones REIT IndexETF, the symbol is IYR and it trades on the AMEX.It consistently pays greater than 9 percent individends per year. The dividends DO NOT qualifyfor the preferential dividend tax rate and aretaxable as ordinary income. The current price ofIYR is approximately $85.24 per share.
- answered by Harry P
Answer #2
Check out Vanguard.com they are by far the lowestin charging fees for mutual funds and are verywell known. They will also be able to answer allyour mutual fund questions.Stay away from any loadfunds and also for a beginner just stick with asimple index fund that is passively managed andjust follows an index as opposed to an activelymanaged fund that will be more expensive.
- answered by Chad S
Answer #3
I recommend the Vice Fund.
- answered by Frank Castle
Answer #4
for open end mutual funds Vanguard GNMA fund has aconsistent yield around the mid 5% mark. Forhigher yields, I go to closed end funds. Preferred stock funds (one example from the Nuveenfamily, is JQC, preferred and convertable fund 2yields 8%) have been good to me. No guaranteesfor the future however, do you own research.
- answered by gosh137
Answer #5
There is no best fund. Understand what you need.Learn "Asset Allocation", understand expenses fora Mutual Fund. Use Morningstar as a guide. Don'trely on the "star" rating system. Know yourrisk/reward needs and limitations.In other words: Read and Learn.
- answered by Common Sense
Answer #6
People are now saying EFT's are better than MutualFunds.
- answered by Diver
Answer #7
If you are a new investor you can invest via thesystematic investment plan (monthly) in any ofthese top schemes;1. Reliance Growth fund2. HDFCEquiity fund3. Templeton Bluechip fund4. Fidelityequity fund5. SBI Magnum global fund
- answered by Santosh
Answer #8
Hi..my name is Elly. I'm one of the FinancialConsultant. I can guide you on this. You caninvest your money and make your money grow in thissecured & guaranteed investment. The return willbe 300% within 15 mths. Kindly email me atmoney_zone07@yahoo.com for further info, tq!
- answered by bizwizme
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