I did a research about mutual funds that I can invest this year. I selected top five recommended mutual funds. From Kiplinger: 1. DODGX 2. FMILX 3. MPGFX 4. POGRX 5. TRBCX From Finstead: 1. VFIAX 2. VFINX 3. VINIX / VIIIX 4. VTSAX 5. VTSMX From Balance: 1. VFINX 2. VIMSX 3. FDFAX 4. VGHCX 5. VGENX Personally, I would prefer VTSMX and VFINX. Both of their minimum investment requirements are $3K, which I can afford it, I do not want to invest more. Besides, they have good historical performances and low expense ratio. Any suggestions?
How did they do vs the QQQ, RUT, OEF and SPY? Is this for a pension or personal account? I do not like mutual funds in a taxable account as you get a tax bill at the end of each year. If you hold an ETF long term, you only pay on the dividends and when you sell. The only advantage of a mutual fund is how easy you can dollar cost average with small investments each month,
I agree with your reasoning... mutual funds for retirement / 401K primarily. You can do DCA with Vanguard ETFs too (if you have a Vanguard account). You can compare Landonfisher's choice of funds to SPY, QQQ etc here Just type e.g., VFIAX vs. SPY. You'll see the results--very similar--since both are S&P funds.
OK, mutual funds are for retirement/401K..... I am still young, I think I need to learn more about ETFs. Do you have any recommendations?