How Do You Find The Best No-Load Mutual Funds?
No-load mutual funds can be a sensible option for investors. With a no-load fund, there are no commission fees (loads) that would decrease the overall amount of your investment, as there are with front-end and back-end load funds. But how do you find the best no-load mutual funds? Research, ask questions and go with your gut. Make a list of no-load mutual funds that are performing well. You can find lists like these by using a search engine, visiting a well-known investment site like Charles Schwab or by checking investment magazines. Research the investments each mutual fund has made, focusing on performance and diversity. Look for funds with tenured managers: that is, managers who have been with the fund for at least 5 years. Find out any previous funds they have managed and how they performed, especially during market downturns. Determine which funds match your investment goals, risk tolerance and buying power. Read the mutual fund’s prospectus carefully for any hidden fees or high
