Top 10 mutual funds to consider for new investments
Mutual funds are investment opportunities wherein money from thousands of people is pooled together and managed by a group of professionals. Herein, we list the 10 best mutual funds that you should consider investing in.
Vanguard Federal Money Market Fund (VMFXX)
This mutual fund is for you if all you look for is stability and long-term profits. While the 1-3 year performance of the mutual fund may not be as high as you wanted these to be, with time, you can look to earn considerable profits.
Fidelity Growth and Income (FGIKX)
This mutual fund relies on companies that pay regular dividends to customers.
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
VTSAX has a very impressive 1 and 3-year performance rate and is poised to do well in the future too. This mutual fund is listed in our 10 best options as it invests in small, mid, and large-cap markets and creates a wide and safe portfolio.
Fidelity 500 Index Fund (FXAIX)
This 500 index fund invests in top giants in the United States including Apple, Facebook, and Microsoft. It has performed really well in the past and also boasts the lowest expenses in the market.
Appleseed fund
Appleseed fund is one of the 10 best mutual funds that offer a balanced portfolio. The MF sustainably invests in a variety of stocks and bonds worldwide. This offers great value long-term.
Fidelity Small Cap Index (FSSNX)
About 80% of the money in this MF is invested in securities, including the Russell 2000 Index. Historically, the mutual fund has been offering returns of more than 15%.
Fidelity Government Cash Reserves (FDRXX)
This is an extremely low-risk mutual fund that is perfect for people wishing to keep their cash on reserve and safe without worrying about volatile markets. The mutual fund invests in U.S. treasury bills.
Shelton NASDAQ-100 Index Direct
This mutual fund makes to the list of the top 10 best mutual funds in the market as it successfully replicates the performance of the NASDAQ-100 non-financial companies. This has performed great in short term.Â
Hartford Core Equity R5 (HGITX)
This mutual fund invests in public traded companies that do well and have positive growth potential. This is a long-term mutual fund that will keep offering better profits with time.
JPMorgan US Government Money Market Fund; Capital
This fund invests in exclusive high-quality, short-term government securities and offers high returns.
All these top 10 best mutual funds are subject to market risk, so you must invest only after doing careful research.
