Best Managed Funds
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Juanita Said:
Which Fidelity mutual funds should I pick?We Answered:
I think you will have more fun investing in funds other than the Freeedom Fund. Also it will be less expensive. You get hit twice with fund expenses with the Freedom Funds. Once for the fund and once also for the funds the Freedom Fund invests in.The index funds are good general choices, but I do not think you will get the highest probable returns with them. Keep in mind they are all large cap index funds.
"Aggressive low cost index funds" What on earth is that? Index funds are not what one would consider aggressive, relatively speaking except in comparison to t-bills. I do think that you might lean a little toward some of Fidelity's more aggressive offerings. Maybe just a tad in their contra fund and their low priced fund?
Norma Said:
if u have 10k in qualfd acct but managed at a full brokerage what is the best way to $ cost avg and what fundsWe Answered:
What I would do is transfer the account to a solid mutual fund company such as Vanguard, T Rowe Price, or Fidelity and remove myself from the high cost brokerage. Each of these companies not only has a full range of more or less solid mutual funds to choose from, they also offer brokerage services for stocks, etfs, bonds, etc. Their brokerage commissions vary somewhat from one to the other, but in all cases they will be cheaper than the full service broker. One of my favorite funds is T Rowe Price Capital Appreciation Fund, a real long term very solid performer. At Vanguard their World Stock Fund is a fine long term performer. At Fidelity they have several good performing funds but none that particularly shouts out at you "buy me". I do however have one of their funds.I am not certain there is a particularly best way of dollar cost averaging. The question perhaps becomes more of how often should purchases be made--monthly, quarterly, annually. I believe each of these companies will allow you to buy $50 or so a month of a particular fund and even automatically withdraw the money from your bank account.
One of the problems with $ cost avg is the psychological impact. It becomes very frightening pumping money into a fund that continues going down month after month after month. And a lot of them have been known to do so. It is not nearly so frightening pumping money into one that goes up month after month.
Lonnie Said:
What's the best way to invest your money (a SEP retirement account) right now?We Answered:
Are you sure the CPA firm prohibits "professionally managed funds" like any mutual fund? or professionally managed accounts like a WRAP account from a brokerage house?If they prohibit funds, then your only option is individual stocks or CDs. If not, then I would look at a Target-Retirement Fund from Vanguard or T. Rowe Price.
Paul Said:
What is the best Portfolio managing websites (free) for Indian Shares & Mutual Funds?We Answered:
If you are looking at frontline stocks for portfolio management on a day to day basis then i would recommend you to go to http://crnindia.com and there they have a lot of free links which tell you which stocks are in buy and which stocks are in sell.Francis Said:
Actively managed mutual funds rarely outperform index fudns. Why?We Answered:
Muncie usually has good answers but he blew it on this one. You question says "rarely". Rarely doesn't mean "never". He also doesn't seen to understand the word "average". Average means that there will be some that do better and some that do worse.If this is from an economics textbook, the answer that they're looking for is "c".
The truth is more complicated. There is some truth to "b". Fund managers pay looks great compared to national averages but are small compared to what hedge fund managers get for doing basically the save job. Remember: a mutual fund manager is someone who couldn't get a job at a hedge fund. Another reason is the source of price changes. Studies have shown that stock price changes are due to 50% general market factors, 30% sector factors, and 20% company factors. This means that while the managers are analyzing companies, 80% of the profits are going to come to market in sector index funds that aren't doing any analyzing.
This biggest reason is costs. An active fund is "active" meaning it trades more and has higher trading costs. Plus it has the cost of all those managers and analysts. To perform better than an index fund, the managed fund must not only pick stocks that perform better, but they have to perform better by a large enough margin to cover the excess costs of the managed fund.
Ray Said:
How can you recover funds from a tax offset?We Answered:
I work for a student loan company (though not for the collections department). To my knowledge you can't. They give you enough time (ayear before default and however much time before the garnishment) that if you haven't set up payment arrangements by then then that is the only option. My best advice would to set up payment arrangements with the collection agency soon, for the rest of the balance, otherwise they will start garnishing wages as well. Sorry, I wish I had a better answer.