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Originally posted by Cubsfan
I'm 24, so I'd maybe term it aggressive growth? I'm not scared of a few dips, and I accept the risks that come with these things.
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If that is the case then you should look for mutual funds that hold mainly stocks. I am also 24 and looking at funds that are at least 85% stocks and more in the range of 90% or 100% stocks. At this point we can afford to be agressive, but it all depends on how much risk you can stomach.
As far as the fees associated with the funds a good expense ratio to shoot for is <1.00% and you are wise to be looking at no load funds. Those two items can really eat into your profits if you are not careful.
I agree with lilbigblue about the fund managers. You should look for funds that are run by people with a good track record. If a fund has performed well over the last 5-10 years under the same manager then it is likely that the person is doing something right.