Mutual funds are a common investment in the United States that functions on simple principles. A mutual fund is an open-ended investment that is managed by professionals where the investment comes from multiple investors and used for purchasing securities.
The most common mutual funds include Vanguard 500 Index Fund, SPDR S&P 500 Trust ETF, MSCI, and other mutual funds by Vanguard. While investing in mutual funds could mean gains of thousands of dollars in the long-run, just like any other investment, you have the potential to lose some or all of your investment.
That’s why when looking for the best mutual fund to invest in, you should weigh your options. The best mutual funds are the ones that have been around for a long time. Without a doubt, Vanguard will provide you with these mutual funds but it isn’t the only place to get them. Here are the best mutual funds to buy in 2021 and possibly beyond.
Vanguard – VFIAX
Vanguard 500 Index Fund Admiral Shares is one of the most expensive mutual funds that new investors would need to put at least $10,000. This is the minimum amount of investment.
So, if you have less than $10,000 to invest, you won’t be able to take part in it. If this minimum requirement is too much to ask from you, check out VFINX which is similar but the minimum requirement is $3,000.
Fidelity – FCONX
Fidelity Income Conservative Bond Fund or FCONX is a low-risk mutual fund that appeals to those who want long-term gains. If you have a conservative approach towards your investments, FCONX is definitely a worth buy as you can watch your investment grow over time slowly but surely.
Vanguard – S&P 500 ETF
S&P 500 ETF (VOO) has over $570 billion in assets which makes it one of the largest mutual funds. With one of the lowest expense ratio at 0.03% which would come out at a cost of $3 per $10,000 invested, S&P 500 ETF is still a good buy.
Fidelity – FNILX
Fidelity ZERO Large Cap Index mutual fund comes without the expense. Regardless of how much you invest, the investment will come at you without a cost. This is considerably a good buy if you want your investments to come without a cost.