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 Please suggest the best mutual fund among SBI Magnum Global,Reliance Regular Saving & ICICI Servce Industrs?
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Additional Details
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off7spring
I'm 23 and starting my 401K...which funds should I invest in?
My options are the following Fidelity Class T accounts. I was told that if you are younger, you want to invest in the more aggressive accounts.

1) FA Balanced Fund
2) FA Government Investment Fund
3) FA Small Cap Fund
4) FA Dividend Growth Fund
5) FA Mid Cap II
6) FA Strategic Income Fund
7) FA Intermediate Bond Fund
8) FA Equity Income Fund
9) FA Growth Opportunities Fund
10) FA Equity Growth Fund
11) Prime Fund: Daily Money Class
12) FA Overseas Fund

Or I can put 100% in any of listed above. I'm new to stocks, investments so I would appreciate your advice. My employer will match 1/4 of a percent for the first 4 percent I invest.

Thanks in advance for your advice!
                     
 




Patch G
Rating
First off, it's a great thing to see someone fo your age starting their 401K. Most younger generations are skipping this til later years, and then find they are behind.


For your age group, whatever company you are going through, each one will have its own data on what should be invested in. The one I deal with says your age group should invest their 401K in the following:

(These are approximates, you do what you are comfortable with.)
5% Short-Term Fixed Income
15% Fixed Income
0% Balanced/Asset Allocation
40% Large U.S. Equity
20% Small/Mid U.S. Equity
20% International Equity

Recently the US Equity hasn't been doing well. If you want, cut down those percentages and concentrate on the Internation Equity (which has an excellent 1-5 year gain.)


Jayinem
Rating
Right now - any of them!!
For new investors, the crappy economy is good. It's like everything is on sale. I'd put some portion in an International fund. Then a couple of other domestic funds - maybe 1 large and 1 small. Invest now for retirement and you can't hardly go wrong.

If you're new, the site below can help you get more comfortable.


StockJock
Hello off7spring,

I could offer more specific recommendations if I knew more about you regarding income, risk tolerances, any other assets, etc., but without ...I'll just make some general comments.

You are (relatively) young, so you want to be as aggressive as you're comfortable with, which means maxing out your contribution to capture the full match from your employer. I think that the stock market IS volatile and could continue to go down if we enter a recession...but since you have at least 30 yrs until you can use this money anyway, you may as well go for it. Historically, there has never been a 10 yr period where stocks have lost money, but the potential to lose in any given year is 1 in 3.

For specific fund recommendations:

FA Equity Growth, Growth Opps, Overseas, Mid Cap II, Small Cap, and maybe Balanced are your best choices. The fixed income funds will help preserve value if you are nervous, but can be just as volatile as stocks over the short term, but have lower long-term potential.

Feel free to email me privately if you want more comments about why these funds.


richard t
find morningstar,they rate mutual funds.....look at the ones 4 or 5 stars...I believe it is free online...........


justin c
Rating
Don't get your investment advice from Yahoo answers.


MM
Since we are in the beginning of a bear market/recession, none of the above funds are going to make money over the next few years, with the possible exception of the 7) Bond Fund.

A lot of people will tell that now's a great time to invest in stocks because the market's been doing so poorly. This is wrong. A look at history will show that bear markets can last for a very long time, during which the markets continue *going down.*

Not good advice.


asnplayer5
Rating
www.themarketchat.com

Go under Education . . . its a good website for young beginners . . . good luck!


John
Rating
Be AGGRESSIVE


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