What Are The Top Mutual Funds To Buy? (bond, fees, 401k)
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Compare the performance of the funds you have to that of the broad categories from Morningstar -- nice free resource to give you a reality check.
I think Schwab will allow access to a screener based on the 'premium' content of Morningstar. Right now basically all categories did quite nice on YTD basis, but that was due to the highly unusual "wipe out" that hit pretty much all sectors last year. Morningstar.com: Fund Category Returns
Probably a good time to think about ETFs too, might be a way to try to narrow your focus and save some fees. ETF Screener Beta 3 (http://screen.morningstar.com/screener_etf/etf_screener_version1.aspx?Mstar_Screen=%20YTD%20T op%20Performers - broken link)
We've just taken all our money out of MF's - don't want to risk losing 1/3 of it again like we did in '08. Right now it's just sitting in a money market (American Fund) while we study the ETF's.....you can put a 'stop loss' order on ETF's when you invest whereas you cannot with an MF.
We've just taken all our money out of MF's - don't want to risk losing 1/3 of it again like we did in '08. Right now it's just sitting in a money market (American Fund) while we study the ETF's.....you can put a 'stop loss' order on ETF's when you invest whereas you cannot with an MF.
You only lose your money when you sell in a loss. You do understand that when you buy shares in the down market, you are buying more shares at a cheap cost, therefore when the market goes up, you are going to have extraordinary gains. Mutual Funds are for long term investment. I would say minimum 5 years. 2008 was the worst year since The Great Depression.
It is THE largest mutual fund. Not largest bond mutual fund, THE largest mutual fund.
http://www.nytimes.com/2009/06/21/business/21gross.html Gross Set for Record Book as Manager of Biggest Fund in History - Bloomberg.com
http://globalquote.morningstar.com/globalcomponent/GenerateFundChart.ashx?chart=quote&w=565&h=266&lan =en-US®=USA&tc=CU$$$$$USD&d=false&r=false&p=false&w in=3&period=custom&range=1999-12-20|2009-12-20&cfg=scale:1|GF:7&ma=&ids=FOUSA00IZL:0P00002W8P: CU$$$$$USD:1:1:FO::::B:USA|$FOCA$CI$$:$FOCA$CI$$:C U$$$$$USD:1:1:CA::::B:USA|XIUSA000MC:0P00001G5L:CU $$$$$USD:1:1:XI::::B:USA
Since 2000, your money has doubled with little risk of crashing ala 2008.
It is THE largest mutual fund. Not largest bond mutual fund, THE largest mutual fund.
http://www.nytimes.com/2009/06/21/business/21gross.html Gross Set for Record Book as Manager of Biggest Fund in History - Bloomberg.com
http://globalquote.morningstar.com/globalcomponent/GenerateFundChart.ashx?chart=quote&w=565&h=266&lan =en-US®=USA&tc=CU$$$$$USD&d=false&r=false&p=false&w in=3&period=custom&range=1999-12-20|2009-12-20&cfg=scale:1|GF:7&ma=&ids=FOUSA00IZL:0P00002W8P: CU$$$$$USD:1:1:FO::::B:USA|$FOCA$CI$$:$FOCA$CI$$:C U$$$$$USD:1:1:CA::::B:USA|XIUSA000MC:0P00001G5L:CU $$$$$USD:1:1:XI::::B:USA
Since 2000, your money has doubled with little risk of crashing ala 2008.
We've just taken all our money out of MF's - don't want to risk losing 1/3 of it again like we did in '08. Right now it's just sitting in a money market (American Fund) while we study the ETF's.....you can put a 'stop loss' order on ETF's when you invest whereas you cannot with an MF.
I agree, although when the market is down is the best time to buy. Mutual Funds were great in the 90's but have high costs or loads and are not worth it for your everyday person. Your a lot better off in ETF's. I took my money out of mutual funds and am investing it myself in ETF's. They are what mutual funds were 10-20 years ago.
I also don't understand what gains my mutual funds were claiming. I started in the market in 2000 and 2001 and continued to invest in my mutual funds. When I started looking at what I put in and what I had earned it wasn't close to as high as they were saying. Factor in inflation, and I basically didn't earn anything.
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