Question : What is a good mutual fund to invest in to make money fast?
I want to invest in a Mutual Fund to make money fast which one is a good one?
- asked by crazyjoe68e
All Answers:
Answer #1
Instead of giving you a fish, I'll teach you howto fish. Go to morningstar.com, select funds,screener, ytd > 100%, stock performance view,current month, you'll likely find China, LA andSEAsia where all of the growth since 2003 has beenand fundamentals haven't changed. Ok, here's somefish while you're learning, I've liked FLATX,FSEAX and FHKCX since the bull market started andI'm up 4X. Right now they are a bit extended fromtheir 50 day moving averages, let them come down alittle after any hoopla of fed easing rates hereand then get in, or ratchet in over time.To checktheir history I like to use stockcharts.com, plugin the ticker, enter, then scroll to bottom andselect interactive performance charts, then plugin tickers and extend time horizon back to severalyears. plug in the ones I gave us vs US S&P500use ticker $SPX and you'll see what I mean.
- answered by Supra1Q
Answer #2
Mutual Funds take YEARS to pay off... figure atleast a 10 YEAR investment to make any really goodreturn on investment from a Mutual Fund.You don'tknow enough about the stock market to know howmuch you don't know about the stock market.FIRST: Get a realistic attitude about investing.. you areliving in a fantasy world.SECOND: Contact a goodSTOCK BROKER... because you don't know enoughabout investing to do it on your own.
- answered by garrisonbight
Answer #3
Let me start by saying that people that want to"make money fast" are often the easiest to scamand the most likely to put their money insomething very risky and lose big, so I'd adviseyou to be careful.Most mutual funds are notdesigned to make money fast. They're designed asinvestment vehicles where you can invest money andhave it grow over time. Many have limitations onhow soon you can withdraw the money and/or extrafees if you take it out soon after investing.Onething that's available to speed up how quickly youmake (or lose) money is leveraged ETFs (exchangetraded funds), which are like mutual funds buttrade like stocks. You can buy and sell them atany time the market is open and they're designedto approximately double the return of theirrelated index on a given day. So, for example,the ETF with symbol SSO will go up about 2% on aday when the S&P 500 goes up 1% and down 2% on aday when the S&P 500 goes down 2%. There areseveral of these leveraged ETFs around. The onesI'm most familiar with are ProShares Ultra funds. There are several that are linked to differentmarket indices.
- answered by Dave W
Answer #4
Congratulations you've got the formula to makingmoney fast;A. Ask strangers whose qualificationsand motives can never be known.B. Make money fast(I'm sure that most people just want to make itslow.... so you won't have much competition).C.Use a Mutual Fund to get to your "fast" goal. Ignore all the experts that suggest holding aMutual Fund more than 10 years (5 at least).Goodluck with this!
- answered by Common Sense
Answer #5
Wow! A lot of " preaching" to just answer a simplequestion! So, anyway...good returns ( making moneyfast...maybe 6 months)... are in "internationalfunds" right now. I'd take the FLATX that thefirst answer gave you and add some FEMKX. Noguarantees, of course ( these things go down aswell as up ) but you should see about 20% in 6 to9 months.You're not going to double your money orbe rich all of a sudden, but you're going to get alot more than any bank account, money market, orCD.Just remember...these things go down ,too. Fourtimes in the last two years these funds havedropped 8 or 10 percent in a few days... BUT..they come back from those weeks and AVERAGE about30% in a year...but be WARNED: it is a scary ride!
- answered by jebediabartlett
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measure and fulfill your financial needs
