Best No Load Mutual Funds
No load mutual funds are oftentimes good options for investors who want to let the money manager of the fund make decisions for them. There are some different strategies to find the best no load mutual funds in order for you to get the highest return possible.
A no load mutual fund is simply a fund that has no commission fees. The best no load mutual funds can be found on well known investment sites like Charles Schwab. It's a good idea to make a list of the best no load mutual funds and then do more in-depth research before investing. Research the particular investments that the mutual fund has made. Also look for a green component within the fund or consider an alternative energy fund. The future of green mutual funds looks very promising as green investing is now a $77 billion industry that is projected to be a $260 billion industry within 10 years. The future of green mutual funds is promising but make sure to talk to an investment professional beforehand.
The best no load mutual funds usually have tenured managers who have been with the fund for at least five years. Also, look and find out if the management has been involved with other top no load mutual funds or if they have had an up and down track record. Another step is to determine if the fund is in line with your investment goals. Is the fund full of riskier investments? Is it conservative? These are all questions you will want to answer before making the choice to invest.
The information supplied in this article is not to be considered as medical advice and is for educational purposes only.
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One Response to “Best No Load Mutual Funds”
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11 Nov 2009
The one problem I have with all of these funds is their expense ratios. For a person under 30, such as myself, you should consider investing in a Total Stock Market Index Fund such as the one offered by Vanguard or Fidelity that offers expense ratios of 0.1% as opposed to 0.5%+ like the ones listed above. Expense ratios are just a fancy way of saying: money taken away from your profits. Just adjust how much you have in stocks, bonds, and cash over time as recommended by the typical retirement funds, but, instead of buying into a retirement fund with an expense ratio of more than 1%, you manage the money yourself. So you can put 80% in Total Stock Market, 15% in bonds, and 5% in cash. Also, you should make an account to play around with on the side if you like to dabble in stocks like myself. June 21st, 2010 at 7:00 am