Good Mutual Funds

Meatytreats

Meatytreats

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Jul 29, 2011
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Anyone have some good funds they can recommend?

Doing some research on where to put a chunk of money that's been sitting in a credit union earning 0.05%

So, if you have some I can check out, I would appreciate it. :bowdown:
 


There is no such thing as a good mutual fund. (unless you are managing one lololol)

They are all shitty scams.

Move on and put your money somewhere else.
 
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Check out O'Leary funds or any other funds that specialize in dividend stocks. That way you still earn a percentage return via dividends irregardless of how the stock price performs.

If you have over $500k I would recommend looking into a local wealth management company. They usually have a diverse set of funds to choose from, but they charge a 1-1.5% management fee.
 
Thanks for the suggestions... I am waiting for a pull back and just want to put the cash into something earning 8-10% that is hands off.
 
Andrew Scherer said:
LENDING CLUB

or maybe GOLD (but I think it still has time to fall even more)

Investor confidence in stock markets high, not a good time to buy.

GOOD LUCK BRO
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I don't think this is the right timing for gold, unless you buy it in the next few days... we are entering festival season in India/China and this always makes gold price soar in mid-end September.

Apparently September is also one of the worst months for stocks...

The September Surge: What Causes Gold Prices to Soar Every Year in September? | Gold IRA Guide

India prepares for shining return of gold demand | Financial Times
 
Depends on what you call chunk and how liquid you need it.

You could move to AllyBank and get .90% if you want to be liquid enough to get the cash in a few days.

If you don't need it to be that liquid, move it to a fund.
 
titanium777 said:
I don't know squat about mutual funds, which is why i stick to Internet Marketing
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They are almost all just a kind of scam, taking uneducated investors for a ride and dumping them in the trash every time the economy goes into a recession.
 
eliquid said:
You could move to AllyBank and get .90% if you want to be liquid enough to get the cash in a few days.
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Why the fuck would anyone ever invest their money with an annual interest rate of 0.90%? That's lower than inflation, so you're losing money.
 
mutual funds suck. Most fund managers can't beat the S&P in a year even BEFORE the fees.

There's an old saying... if you want to pick the mutual funds that will do best this year, just select the ones that did worst last year.

I'm not touching a mutual fund again in my life now that I know how to trade. For those that do not know how...



My advice: put your money into the S&P index fund (SPY)

Or if you don't want any risk, do a Ally Bank high yield savings account and earn 0.9%.
 
Check out RSP, an equal weight S&P ETF. Outperforms the SP by almost 2x over lifetime and outperforms the other Vanguard funds as well. Heres a link to the charts comparing it to the SPY ETF and the other two Vanguard funds mentioned in this thread:

https://www.google.com/finance?chdn...q=NYSEARCA:RSP&ntsp=0&ei=4AgPVNg2yJSJArzugYgH

Thats not a cherry picked view to show it in the best light either...outperforms YTD, 1y, 5y and 10y as well.
 
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