What is the best type of mutaul fund to invest in?

Per, Jim Cramer, you should invest in Mutual Fund managers. He recommends Willian Danoff, the manager of the Fidelity Contrafund. It has done so well, it is closing the doors to new invesors in a couple of weeks. Better Hurry up if you want to get in on the action.

dividend funds!

depends on your goals... check out bobbrinker.com , vanguard.com , raylucia.com for some help in picking the right funds.

Continental Millenium Mega Century Growth Fund
900% annual growth

I would avoid the Mutual fund and buy index funds such as SPY, DIA, or QQQQ. Remember 80% of mutual funds do not out perform SPY. So why pay fees for them to perform poorly. Furthermore, if you want to take the time and research different funds, you would be better off buying individual stocks.

Follow the link below, it lists the best performing mutual funds year to date.

Right now many are reallocating their portfolios to have more international/global coverage. So I would personally look into those. I have always been a fan of high paying dividends funds and stocks. Also you can look into these sector mutual funds: Real Estate, Natural Resources (oil and gas), and Financial Services. These three sectors typically pay decent dividends and cap gains

I note with interest that you did not say "best mutual fund" but "best type".

I would like to discuss that point. One of the responders commented the 80% of mutual funds underperform the market in general. That is a fact, though I am not sure of the exact percentage. It is somewhere in that neighborhood. And that fact should always be kept in mind.

Some types of mutual funds, however, can make investments that an individual investor would find difficult to undertake. These are the funds that invest in foreign markets and the funds that invest in small cap stocks for example.

Let us say that one considers that the China economy is going to grow at 3 times the rate of U S economy and that you would like to take advantage of that fact. Or perhaps the Indian economy. There are ADR's for both that are traded on the U S stock exchanges, but a limited number. One could buy those ADR's directly or one can buy shares in a mutual fund that specializes in shares of stock in that country. Since the mutual fund has a staff of analysts researching companies in that country, one would immagine that they are going to be a little bit more knowledgable than the individual investor. I kown that that assumption does not always hold true, but Moringstar can shed a little light on that with their star ratings. They also have access to stock exchanges in that country.

The same argument holds for mutual funds that invest in small cap companies. For the individual investor, it is difficult to acquire reliable information on small cap companies. Nobody follows them much. So unless you have some personal knowledge, it is tough to make a sound investment. Mutual funds that specialize in investments in these type of companies hopefully are more knowledgable and can make better investment decisions than the individual investor.

Those two types of mutual funds are the types that most interest me.

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... a great way to invest.
www prospera-fund dot com
They are invested with several traders in stocks and FX accounts, (diversified).
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Do it, and forget it for 5 years, you'll not be sorry.

Source(s):

www.prospera-fund.com
refer. luckyrick