jebediabartlett
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You asked for a fund and got everything BUT...so I'll just suggest something like FGBLX...it's a balanced fund from Fidelity invested globally ( where most trade is going on now)
It won't " knock your socks off" but should return in the neighborhood of 7 to 10 % .
You COULD even split that new $5000. into two funds and go after something even more venturesome in the " international" area...a good one would be FLATX ( invested in Latin America...mostly Brazil)...not as " risky" as it sounds...they have a growing economy ... trading raw materials and energy to China and the rest of the world...they are also " energy independent" and are not affected by the high oil prices that are dragging other economies down.Also, disconnected from our " credit crunch" problems.
Your returns in that area could be more like high teens... just a thought.
Good luck. |
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Jeff
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One piece of info we need: How long do you plan to let the money sit?
If you need it in less than 5 years, stay away from stocks.
If not, then I would suggest any mutual fund who's 10 year (not 5 or 3 year) annual rate of return is at least 10%. |
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Common Sense
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Wow.... so far you've got some pretty bad answers. Do your own research. Many of the answers in this forum will lead you to disaster.
Try reading books like "Mutual Funds for Dummies". This will give you a great start and help you avoid a major mistake. |
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Cliff
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there are many mutual funds out there that meet your stated requirements. Do you want to invest short-term or long-term? Do you want no risk at all, or can you tolerate moderate risk and get better returns? The best fund varies by each person and their needs. I think the T. Rowe Price Blue Chip Growth Fund is the best for me right now but it has a very high risk. But that is something you will have to research to see which meets your future goals.
To "vatsinve" above that said you can only buy one fund or two funds - wrong. When you put in $5000 (as said with the T Rowe Price getting two funds) you buy shares of it's holdings which depend on it's NAV. If the NAV for that fund is going at say $35 you would buy in with 142.85 shares... not "two funds". You can put in as much as you want, not just the amounts it says ($2500 or $3000). That is just the minimum they allow for non-IRA's |
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SG
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blah blah blah, man I never heard so much bad advice on this topic. What you want to do is invest on a no load index mutual fund. I would suggest Vanguard. I believe most of their funds require a 3000 dollar minimum. If you can then add little by little (dollar-cost-averaging) then this is best. Also keep in mind that investing should be a long term goal. If you want to make a quick buck then go to vegas but be prepared to lose it all too... |
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BestAdvisor
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Hi
You could invest overseas at 7-10% with no risk. Ask me how (through my profile)
If you invest $5,000 at 10%, you will earn $500 per year. Risk free. Not bad. |
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vatsinvesting_dotcom
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Glad to know that you are looking for a no-load fund.
Don't trust money market fund and lot of money market funds have ties with subprime loan that has created this credit crunch. Any high yielding money market should raise red flag.
Vanguard offers the best low cost, no load, no 12-b-1 fee (fee for marketing etc.) index fund. Invest in index fund and sleep worry free. With Vanguard you can only buy one fund with $5k.
But with T.Row Price, which again provides low cost, no load and no 12-b-1 fund you can buy two funds ($2.5 Keach). In that case you can have on index and the other as Internationa discovery or New Era. |
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LouiKung
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I think mutual fund and stock shares are not good investment nowadays. They all are risky, it is better just buying and selling foreign currencies. I just met a guy lost 100 k in warrant and mutual funds. |
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