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mutual funds, which one(s) are best? Or put the money somewhere else?
Main Post: mutual funds, which one(s) are best? Or put the money somewhere else?
Top Comment: "Mutual funds" is an extremely general thing. There are funds that track literally every kind of investment. So this advice is like saying; "If you have an appetite, I suggest food." Your question implies that you might benefit from general investing knowledge. You might start with the following resources: Wiki: https://www.reddit.com/r/personalfinance/wiki/index/ Books: I Will Teach You to be Rich, Ramit Sethi A Simple Path to Wealth, JL Collins The Little Book of Common Sense Investing, John Bogle To give you a quick answer to your actual question... Invest in funds that track the S&P 500 or total U.S. stock market. Optionally, also add a portion (<= 20%) of an international stock index fund. In terms of where to put your money; there is a recommended order to personal finance priorities regarding saving and investing: Contribute to workplace plan(s) enough to get company match; Save at least 3 months' fixed expenses in a cash reserve for emergencies; Contribute the maximum to both spouses' Roth IRAs; Augment cash reserve to 6 months' fixed expenses; Return to workplace plan(s) and max out contributions; Contribute any remaining dollars to a taxable brokerage account
What are the advantages and disadvantages of mutual funds and ETFS?
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I don't understand why these are different except when u can buy/sell them? Seems like ETFS are way better because they trade when market is open. Why are there still mutual funds around? What is the advantages they have over ETFS?
Top Comment: Happy Friday, u/rustyfish13 ! I can certainly provide some resources for you to review while researching these investment products. Before we get started, I'll mark this post as a discussion so others in our community can continue sharing their insight and experiences in the comments. Now, let's dive in. While Exchange Traded Funds (ETFs) and Mutual Funds can be similar in some ways, they have distinct differences, including their trading characteristics, pricing factors, and tax implications. As you're aware, a notable difference is that Mutual Funds trade only once per day while ETFs trade throughout the day, similar to an ordinary stock. Our website provides tools that allow you to compare ETFs and Mutual funds. You can compare funds by following these steps on Fidelity.com: Type the mutual fund symbol in the "Search or get a quote" section Click on the "Compare" button in the "Similar Fund Picks from Fidelity" section Add the funds you would like to compare in the "Symbol: Add" section Additionally, you can initiate a search for both ETFs and Mutual funds using the same search criteria by following these steps: Select the "News & Research" menu and choose the "Mutual Funds" section Expand the search criteria on the left side by clicking on the right-facing arrow Choose the "Include ETFs" selection Enter your search filters to narrow down your choices In addition to these comparison tools, I've linked a fantastic article for you to review below. Mutual funds vs. ETFs: Which is Right for You? Please let us know if this discussion sparks any additional questions or if we can help with anything else. Until then, have a great weekend!
Mutual funds are one of the best things that I discovered in my life
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When I was a teenager I have always wondered that how will I grow my money đź’° later? I knew that bank account savings and FD are not the only option, stocks? Much like a gamble to me because I like to study and understand everything before stepping my foot.
Then I discovered about Mutual funds, watched some youtube videos, attended some college seminars about finance and investing and after understanding I started my journey.
Even one of my teacher praised me that in this age you have a good knowledge about finance and you are thinking about your future and investing, he is 40+ and told me he will start investing too :)
My mother was very critical regarding all of this and didn't trust me, but when I showed returns to her lmao now she is the one who reminds me to invest every month.
Note: Reason for less ROI than expected is, recently I shifted some of my funds otherwise ROI was about 50k on nearly 1 lakh amount.
Top Comment: Everyone's dialogue during a bull market the main challenge will arrive during the bear market
Can mutual funds really make you rich
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Everyone please share your opinion on this.... What do think can mutual funds really make you rich. Please keep everything in consideration like inflation and everything else and if you think mutual funds can't make you rich then please explain it in detail why. I hope everyone will share their opinion and help those who are new in investment.
Top Comment: I think it will help you beat inflation, that's about it. Increasing your salary/business income will make you rich.
What have you done with your Mutual fund?
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Since the market is losing crazy numbers. Are you holding? Sold? Or buying more nav?
I'm wondering Russian war is messing up the market plus Israel hamas hezbullah Iran war is also looming over our market and if the situation isn't bad now, it'll probably be worst if Iran gets hit.
Top Comment: If you haven't already, please add your own analysis/opinions to your post to save it from being removed for being a Low Effort post. Please DO NOT ask for BUY/SELL advice without sharing your own opinions with reasons first. Such posts will be removed. Please also refer to the FAQ where most common questions have already been answered. Subscribe to our weekly newsletter and join our Discord server using Link 1 or Link 2 I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
ELI5: What are mutual funds. Please explain in the simplest form.
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Never understood what they are actually. I read a lot of articles, but I still do not understand them at all. I would appreciate any help.
Top Comment: Imagine you want to invest in the stock market because you hear it gives better returns (expected profit) than a bank account over the long term. You only have a small amount of money so you can only afford to invest in one or two companies. You are exposed to lots of risk because those one or two companies might go bust. You join up with a friend who has a similar plan and instead of each investing in two companies you pool your money and together invest in four companies, so lowering your exposure to any one company going bust. A mutual fund is just a big pool of lots of people's money that is invested across a wide range of assets to further reduce that same risk. As a bonus once you have lots of money in the pot the cost of paying someone who knows what they are doing to manage the investments becomes small, and so you can do that and hopefully increase your return. There are lots of different sorts of mutual fund investing in different things or with different management strategies but at the core they are a big pool of lots of investors' money.
Are mutual funds good or bad?
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Hi all, just starting to learn about investing. I want a well rounded view of it, not just one persons opinion, so I have been trying to learn from many different perspectives. I’ve been listening to Dave Ramseys podcast (I know he can be a little extreme, but he has a lot of good principles). Anyways he highly encourages investing in mutual funds. Meanwhile I’ve been reading the book “rich dad, poor dad.” In which the author suggests that mutual funds are something that should be avoided. Can anyone give me some insight into why they have such different opinions?
Top Comment: richard kiyosaki is a crook, you should burn rich dad poor dad and read books from the reading list in the wiki
Is there any reason to invest in mutual funds?
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I realized this morning that I don't actually know what a mutual fund is so I looked it up. Why would anyone invest in one instead of putting their money in an ETF like VOO? It's just higher fees and lower returns with no upside as far as I can see.
Edit: I just found out index funds are a type of mutual fund so to clarify, I meant actively managed mutual funds.
Top Comment: Welcome to r/stocks ! For stock recommendations please see our portfolio sticky, sort by hot, it's the first sticky, or see past portfolio stickies here. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. If you're wondering why a stock moved a certain way, check out Finviz which aggregates the most news for almost every stock, but also see Reuters , and even Yahoo Finance . Also include some due diligence to this post or it may be removed if it's low effort. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
What is a good mutual fund to throw $500 a month at for 5-7 years?
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Looking to put some extra money per month in a mutual fund for a down payment on a house in about 5-7 years. I have about $14k in my account so far and just got into FSELX. Should I put it all in there or also invest in some other funds like FSPTX, FAHOX, etc. or maybe a different strategy?
Top Comment: Hey, u/RaceFan96 , thanks for stopping back by the sub. We appreciate you using Fidelity for your investment accounts! I marked this post as a discussion so that the members of our community can provide their thoughts and experiences about this topic. Choosing investments depends on many factors and is definitely subject to your personal situation. We're happy to share some resources that can assist you in making the right decision for your situation; however, we cannot offer advice or recommendations over social media. We offer a Mutual Fund comparison tool on our website that can help you compare various funds; this makes it easy to find which funds best fit your financial goals. You can check out the tool on our website by clicking "News and Research" and then selecting "Mutual Funds" from the dropdown list. From here, you can use various filters to narrow your search. Mutual Fund Screener As an additional resource, I want to mention our online Planning and Guidance Center, which offers planning tools for the areas in life that are most important to you. Planning & Guidance Center (login required) Lastly, since you mention wanting to invest every month, you may want to check out our Recurring Investments, which can help you set your deposits and investing plan on a schedule. You can set up recurring investments on a weekly, biweekly, or monthly timeframe. To set up these plans, follow the steps below on Fidelity.com: Click "Accounts & Trade" in the top left corner and choose "Transfer" in the dropdown Navigate to the "Manage recurring transfers" link Choose the specific plan you are looking for Learn more about this feature here We appreciate your engagement with our sub. If we can help with anything else, please let us know!