Check out the top 25 mutual funds according to Kiplinger’s Magazine. This article was also published in the June edition of the magazine. I browsed it, but I’m going out of town, so I couldn’t take an in depth look at it. That means, I read the first couple pages, but not the article in its entirety.
Kiplinger’s looks likes they did a decent job in evaluating the funds. They did a good job of spreading out their top picks to different categories of funds. Not every mutual fund is right for every person. You have to evaluate what stage of life you are in and your tolerance of risk. Then, pick a fund. They do a good job of picking a little of everything for everyone.
Here are three quick Money Crasher tips to remember when evaluating and/or picking a mutual fund
- Make sure you know the 5 and 10 year track records. Don’t pick a fund to invest in solely by the 1 year and 3 year return. This tells you NOTHING about its long-term track record.
- Check the expense ratio. You don’t want a fund with a high expense ratio.
- Check out how long it’s been around. Funds with a life of longer than 10 years would be good ones to go for.
Other than that, have a safe weekend if you’ll be traveling for Memorial Day. I figured you wouldn’t want another post about how to save money on gas when traveling. Let’s put it this way, when it’s $3.00 a gallon and higher, you’re not going to save money no matter how balanced your tire pressure is or if the oil in your engine is blessed by God. Be safe.