9 Best Mutual Funds to Buy Now

Continuing with this holiday weekend's theme of best investment opportunities, this week's edition of U.S. News Invested talks about mutual funds.  

FEBRUARY 15, 2024 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Markets bounce back one day after an inflation-report-induced sell-off. Highlights of today's newsletter include our market insights plus these new articles: 9 Best Mutual Funds to Buy Now Fiscal Year Definition The Rule of 72: How to Double Your Money in 7 Years Retirement Plan Options for 1099 Employees TODAY'S FEATURED STORY 9 Best Mutual Funds to Buy Now Most investors are familiar with the rise of exchange-traded funds, or ETFs, over the last decade or two. These products are easy to buy and sell during the trading day, and in some cases offer lower fee structures than traditional mutual funds. But the following list of the best mutual funds to buy now may prove to skeptics that older investment vehicles still have an important role to play. That's true whether you're looking for a tactical way to invest or just seeking a simple index fund with a cost-effective fee structure. With a lot of changes on the horizon for 2024, including everything from geopolitical risk in the Middle East to evolving interest rate policies at the Federal Reserve, it may be appropriate to review your strategy right now. And if you're looking to give your portfolio a tune-up and swap in some alternative investments, you might be pleasantly surprised to learn that one of the following mutual funds lines up with your new investing goals. Vanguard Total Stock Market Index Fund (ticker: VTSAX). The Vanguard Total Stock Market mutual fund is one of the largest mutual funds on Wall Street. It's also deceptively simple, doing exactly what it sounds like it should by offering exposure to the totality of the U.S. stock market. Vanguard 500 Index Fund Admiral Shares (VFIAX). A bit more focused, this S&P 500 index fund from Vanguard is another runaway leader that's worth considering. It's tied only to the S&P 500 index of the 500 largest U.S. stocks – so instead of the totality of the market like the prior fund, you only get the big dogs. Click here to continue reading.   MUTUAL FUND ASSETS FEES MINIMUM INVESTMENT Vanguard Total Stock Market Index Fund (ticker: VTSAX) $340 billion 0.04% $3,000 Vanguard 500 Index Fund Admiral Shares (VFIAX) $457 billion 0.04% $3,000 American Funds Growth Fund of America (AGTHX) $252 billion 0.63% $250 Fidelity Select Technology Portfolio (FSPTX) $13 billion 0.70% None JPMorgan Equity Premium Income Fund (JEPAX) $6 billion 0.85% $1,000 Vanguard Dividend Appreciation Index Fund (VDADX) $14 billion 0.08% $3,000 Vanguard Total World Stock Index Fund (VTWAX) $6 billion 0.10% $3,000 PIMCO Income Fund (PONAX) $140 billion 0.62% $1,000 The Hartford Short Duration Fund (HSDIX) $2 billion 0.49% $2,500