WHAT IS A GOOD MUTUAL FUND TO INVEST IN FOR MY RETIREMENT?
Christine Benz suggests looking at mutual funds that offer automatic investment programs. This means an individual would make an investment every month and the investment can be as little as $50. Check out the T. Rowe Price group of mutual funds. You can buy in with a minimum of $50 if you agree to put in $50 a month. For specific core stock funds look at T. Rowe Price Equity Income and T. Rowe Price Spectrum Growth. These are good diversified, stand alone funds. WHAT IF I’M ALREADY IN A LOAD MUTUAL FUND? Christine Benz says if you are already in a load fund, don’t pull your money out right away. The damage has sometimes already been done. There are some good load funds out there like American Funds with low ongoing expenses and some funds from Pimco (Christine Benz owns shares of Pimco High-Yield), which are low expense funds and great in terms of bonds. SUZE SAYS: If you have a B Share fund you are going to pay a surrender charge if you pull out before a certain number of years. Call
Related Questions
- What other funds in the current plan lineup are closed to new investors? Will any of the closed funds be available to participants who invest in the new self-directed mutual fund window?
- Is now a good time to invest in the ICICI Prudential Income Opportunities Retail-G fund?
- Are mutual funds a good way to invest for retirement?
