What Does Your Financial Path Look Like?
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Details
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How to find the best funds?
Jump over to Fidelity.com and click on News&Research, go to Mutual Funds.
Fund Type is US Equity, 4 Star Rating, Above Avg Returns, Below Avg Expenses.
Find the best funds with at least 10 year returns.
It's not timing the market, it's time in the market.
Fund Type is US Equity, 4 Star Rating, Above Avg Returns, Below Avg Expenses.
Find the best funds with at least 10 year returns.
It's not timing the market, it's time in the market.
But I'm not comfortable investing.
Knowledge is power when it comes to being comfortable investing your hard earned money into the stock market. That is smart and makes perfect sense. Many will buy a home not even thinking twice about the investment because in most cases real estate goes up and down but will usually normalize and grow in value. Now let's get you comfortable with mutual funds in the market.
Take a look at the mutual fund symbol FMAGX (Fidelity Magellan Fund.) This is considered a Large Growth mutual fund because it invests in large companies like Apple, Microsoft, Amazon, Google, etc.
I don't invest in any fund without at least a 10 year track record, but prefer 20 years or more. If you look at this funds 10 year track record, the yearly return on investment is over 14%. While 10 years is good, I would like more information to be truly comfortable.
How about a 58 year track record? Average annual return on your investment would be over 16% per year.
Now that should be knowledge that helps you feel comfortable investing in the market.
Take a look at the mutual fund symbol FMAGX (Fidelity Magellan Fund.) This is considered a Large Growth mutual fund because it invests in large companies like Apple, Microsoft, Amazon, Google, etc.
I don't invest in any fund without at least a 10 year track record, but prefer 20 years or more. If you look at this funds 10 year track record, the yearly return on investment is over 14%. While 10 years is good, I would like more information to be truly comfortable.
How about a 58 year track record? Average annual return on your investment would be over 16% per year.
Now that should be knowledge that helps you feel comfortable investing in the market.
Retirement StrategySave 15% of your income as young as possible. Compound interest is amazing. Your money makes money making more money on top of money. Try the retirement calculator below.
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The Grandparent Giving Fund
- Would you like to be a legend to your grandchildren? Here is a simple way to leave them millions at retirement while teaching them the power of compound interest.
- After they are born, invest $1000 per year for 10 years into a proven mutual fund.
- Leave it invested until they are 65 years old.
- Assuming 10% annual returns they will have $3.8M.
- Try the same technique with $5000 and you will end up with $20M....LEGENDARY!
Proverbs 13:22: “A good man leaves an inheritance to his children’s children.” (NKJV)
My success stems from my family, friendships, and compound interest....mostly compound interest.
Our Team Has a
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