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Best Mutual Funds: Best Performing, Money Market And No Load Mutual Funds
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Published: September 14, 2007
According to Tim Hanson and Brian Richards, there are an estimated 90 million people in the US who have investments in mutual funds. Over 7,000 of such funds are still waiting for interested investors. It is thought that rather huge profits can be realized through mutual funds, with relatively minimal investments.
Choosing the best mutual funds can be an appealing alternate financial resource.
Of course, choosing the best mutual funds where to invest is not as easy as it looks. However, a good start can be through identifying the best performing mutual funds in the country. There is quick and easy access to this kind of data regarding the best mutual funds; they are regularly published in various financial papers and even on the Internet. As an example, by using the data that has already been made available on the web, the best mutual funds for 2007 can be discovered.
For 2007, grabbing the top spot as best mutual funds performer is Aim China, which registered a 49 percent increase. The second spot is occupied by another Chinese-based mutual funds company, Dreyfus Premier Greater China, with its registered net of 48.3 percent. In third place for best mutual funds is Direxion Latin America Bull 2x with its 47.7 percent increase.
Several other Chinese-controlled companies hold various rankings in the list of the best mutual funds of '07. They include Matthews China, Oberweis China Opportunities, Nationwide China Opportunities and Guinness Atkinson China and Hongkong.
From the above best mutual funds, it should be quite clear Chinese funds are the best performing at least for the current year. Is it highly possible China will again rank as the best mutual funds for the year the way it did in 2006? Perhaps, but then it is a little early to tell, especially since the list, compiled by Morningstar, covered only up to August of '07.
There is actually not much to learn from this best mutual funds list, except perhaps on the basic idea of what particular companies will likely be good investment choices. Other than that, it is not possible to learn through these lists how mutual funds profits are divided among the individual investors or how often its value changes. For that, reading about the fundamentals of the best mutual funds, which should include money market principles, is a prime option to learn more.
In simple terms, mutual funds operate similarly to money markets, in that they both keep their share prices at generally constant rates. In the money market system, investing can be done in either of two ways. One involves the payment of taxes, while the other one is non-taxable. The latter option is definitely preferred, since all profits are not subject to tax. However, they will usually involve generally lower yields.
It is generally the same with mutual funds since there are two types of investments involved. One is the no load mutual funds, while its counterpart is called the load mutual fund. The latter is obviously one where fees are charged against the fund investor. Preference then should be on the no load mutual funds since these have no accompanying sales load charges. However, you still should expect some form of fees in these mutual fund types, often as payment for the broker or brokers who transact business on the investors behalf.
The surefire way to find and invest in the best mutual funds is by doing research. Investors should not only read the lists of the best mutual funds, but educate themselves about the different types of funds. When it comes to finances: the more information the investor knows, the better.
Sources:
Woodward, Dustin. "Best Mutual Funds of 2007." About, Inc. 14 Sept. 2007. http://mutualfunds.about.com/od/history/a/2007.htm .
Of course, choosing the best mutual funds where to invest is not as easy as it looks. However, a good start can be through identifying the best performing mutual funds in the country. There is quick and easy access to this kind of data regarding the best mutual funds; they are regularly published in various financial papers and even on the Internet. As an example, by using the data that has already been made available on the web, the best mutual funds for 2007 can be discovered.
For 2007, grabbing the top spot as best mutual funds performer is Aim China, which registered a 49 percent increase. The second spot is occupied by another Chinese-based mutual funds company, Dreyfus Premier Greater China, with its registered net of 48.3 percent. In third place for best mutual funds is Direxion Latin America Bull 2x with its 47.7 percent increase.
Several other Chinese-controlled companies hold various rankings in the list of the best mutual funds of '07. They include Matthews China, Oberweis China Opportunities, Nationwide China Opportunities and Guinness Atkinson China and Hongkong.
From the above best mutual funds, it should be quite clear Chinese funds are the best performing at least for the current year. Is it highly possible China will again rank as the best mutual funds for the year the way it did in 2006? Perhaps, but then it is a little early to tell, especially since the list, compiled by Morningstar, covered only up to August of '07.
There is actually not much to learn from this best mutual funds list, except perhaps on the basic idea of what particular companies will likely be good investment choices. Other than that, it is not possible to learn through these lists how mutual funds profits are divided among the individual investors or how often its value changes. For that, reading about the fundamentals of the best mutual funds, which should include money market principles, is a prime option to learn more.
In simple terms, mutual funds operate similarly to money markets, in that they both keep their share prices at generally constant rates. In the money market system, investing can be done in either of two ways. One involves the payment of taxes, while the other one is non-taxable. The latter option is definitely preferred, since all profits are not subject to tax. However, they will usually involve generally lower yields.
It is generally the same with mutual funds since there are two types of investments involved. One is the no load mutual funds, while its counterpart is called the load mutual fund. The latter is obviously one where fees are charged against the fund investor. Preference then should be on the no load mutual funds since these have no accompanying sales load charges. However, you still should expect some form of fees in these mutual fund types, often as payment for the broker or brokers who transact business on the investors behalf.
The surefire way to find and invest in the best mutual funds is by doing research. Investors should not only read the lists of the best mutual funds, but educate themselves about the different types of funds. When it comes to finances: the more information the investor knows, the better.
Sources:
Woodward, Dustin. "Best Mutual Funds of 2007." About, Inc. 14 Sept. 2007. http://mutualfunds.about.com/od/history/a/2007.htm .
Hanson, Tim and Brian Richards. "The Market's 10 Best Funds." The Motley Fool. 5 March 2007. 14 Sept. 2007. http://www.fool.com/investing/mutual-funds/2007/03 /05/the-markets-10-best-funds.aspx.
"Money 70: The best mutual funds you can buy." MONEY Magazine. Cable News Network LP, LLLP. 14 Sept. 2007. http://money.cnn.com/magazines/moneymag/bestfunds/ 2007/indexfunds.html.
"Mutual Fund Basics." BMO Mutual Funds Investment Solutions. Bank Of Montreal Financial Group. 14 Sept. 2007. http://www.bmo.com/mutualfunds/ec/index.html.
Carpenter, Cheryl. "What is a Money Market?" AC Associated Content - The People' Media Company. 28
Nov. 2006. Associated Content, Inc. 14 Sept. 2007. http://www.associatedcontent.com/article/89032/err or.
Petersen, J.S. "What is a Load Fund?" Wise Geek. Conjecture Corporation. 14 Sept. 2007. http://www.wisegeek.com/what-is-a-load-fund.htm.
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