3 Mutual Funds Perfect to Grow Your IRA
For most investors most of the time, a simple index-based mutual fund like the Vanguard 500 Index Fund (NASDAQMUTFUND: VFINX) or an exchange-traded fund (ETF) like the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) is a smart selection. The odds of owning a fund that outperforms the broad market are pretty poor, statistically speaking, so a simpler low-maintenance option just makes good sense.
If it just doesn't feel right to not take at least shot at beating the market, though, don't sweat it. There are still some solid mutual funds offering investors a chance to do so without imposing the sort of risk that a few too many other actively managed funds do. Here's a look at three of these top prospects to consider, particularly for individual retirement accounts.
Just as the name suggests, the Fidelity Select Software & IT Services Portfolio (NASDAQMUTFUND: FSCSX) owns a hand-picked selection of software and technology services stocks. Its biggest holdings include Microsoft, Alphabet, and PayPal Holdings, to name a few.
Source Fool.com
