Published on 18 Oct 2022 on InvestorPlace via Yahoo Finance
The 7 Best Mutual Funds for Your 401(k)
Mutual funds offer a lot of advantages to investors, particularly for retail investors who may have limited time, a low appetite for risk, and only a passing knowledge of how the stock market works. People who want to put away their hard-earned money for retirement often choose these investment vehicles as they provide exposure to a large bundle of stocks that offer a greater margin of safety than individual equities. Industry data shows that mutual funds remain one of the most popular investment vehicles for Americans, with 45% of households in the U.S. owning shares of at least one mutual fund in 2021, according to Statista. Given the diversification and security of mutual funds, they can also be a great way for investors to ride out market downturns such as the one we’re experiencing this year . Many mutual funds also pay regular dividends to investors. With all that in mind, here are seven of the best mutual funds to hold in a 401(k) account.
BACIXBlackRock Energy Opportunities Fund$12.39VFIAXVanguard 500 Index Fund Admiral Shares$343.46OPGSXInvesco Gold and Precious Minerals Fund$17.60VEUAXJPMorgan Europe Dynamic Fund$23PRMSXT. Rowe Price Emerging Markets Stock Fund$31.56GVALXGotham Large Value Fund$13.46VITAXVanguard Information Technology Fund$160.50
BlackRock Energy Opportunities Fund (BACIX)