Industry and Retail Super
Top 100 Mutual Funds
How do you find out which are the top 100 mutual funds? You can talk to your financial advisor or do some research online. These are probably your best options but be careful. Whoever you talk to may just have an agenda and skew the results of their top 100 list in their direction because they have something to gain from steering you in that direction. You can make your own list of the top 100 mutual funds if you have the time and the inclination. First, though, make a list of what interests you and then find mutual funds that match your interests. To make this a little easier you can join a trading site and maybe get to research stocks and mutual funds for no extra charge.
The top 100 list will be different to if you are looking for domestic funds or international funds. Maybe you do not even know what will pique your interest so what then? Well, my advice would be to talk to someone who knows the business. (Hopefully they won't give you the business when they realize you don't know anything about investing.) Many websites post a lot of information about a lot of different stocks and mutual funds and things might get a little confusing. Make some notes and keep them handy when you talk to a financial advisor.
Also, take notes on what you learn from the financial advisor so you do not get more confused when you get home. Learn what you can so you can make your financial future and retirement a good thing and not have to worry about how much money you have or don't have. You want to be able to do what you want to do when you want to do it. You will have worked for your entire life to reach your retirement and you want to have everything in good shape when you get there. In order to do this you must make good decisions now regarding your mutual fund investments. There is a lot to know and understand and one of these aspects is categories. There may be different categories of stocks or mutual funds that you can research, too. Categories like diversified, small/midsized diversified and specialized to name just a few. It is important to keep everything straight in your notes and in your head. If confusion takes over you may just give up the ghost and forget about investing all together.
Different companies rate stocks and mutual funds differently so one company's top 100 may not be the same as the next company's top 100. Be as discerning as you can when considering the lists of multiple companies and take into consideration that they may have that agenda we spoke of earlier. You are the best judge of what you want and don't want when it comes to your investments but if you need some help, ask a professional financial planner to unscramble some of the particulars of the top 100 mutual funds out there so you can keep that full head of hair.
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