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What is a good mutual fund to invest in to make money fast? |
I want to invest in a Mutual Fund to make money fast which one is a good one? Let me start by saying that people that want to "make money fast" are often the easiest to scam and the most likely to put their money in something very risky and lose big, so I'd advise you to be careful. Instead of giving you a fish, I'll teach you how to fish. Go to morningstar.com, select funds, screener, ytd > 100%, stock performance view, current month, you'll likely find China, LA and SEAsia where all of the growth since 2003 has been and fundamentals haven't changed. Ok, here's some fish while you're learning, I've liked FLATX, FSEAX and FHKCX since the bull market started and I'm up 4X. Right now they are a bit extended from their 50 day moving averages, let them come down a little after any hoopla of fed easing rates here and then get in, or ratchet in over time. Mutual Funds take YEARS to pay off... figure at least a 10 YEAR investment to make any really good return on investment from a Mutual Fund. Congratulations you've got the formula to making money fast; Wow! A lot of " preaching" to just answer a simple question! So, anyway...good returns ( making money fast...maybe 6 months)... are in "international funds" right now. I'd take the FLATX that the first answer gave you and add some FEMKX. No guarantees, of course ( these things go down as well as up ) but you should see about 20% in 6 to 9 months. |
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