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Whats a low risk mutual fund that would be good to use for retirement? |
Whats a low risk mutual fund that would be good to use for retirement? This depends a lot on your age. When you're young, you can put up with a lot more volatility to get it to grow fast enough to outpace inflation and give you a nice nest egg when you retire. Roth IRA. Decent return. Plus, you can use it for a child's college fund as well. You borrow principle for Mortgage down payments, college, and a few other things. Max annual contribution is $3000 now I believe. Try a good balanced fund (stocks and bonds) like Oakmark Income and Equity OAKBX. Very low volatility. Does well even in bear markets. You can start with one mutual fund, but having several would reduce the risk. A balanced, sort of, fund with an outstanding track record and low expenses and low initial investment is Bruce Fund. You can find them on the internet. They have a great record in both up and down markets. I do not know how they do it. very easy. contact www.stocksidea.com. they have answer of this |
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