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quicklearner

November 20, 2007

Posted by quicklearner

Whats a good Mutual Fund to invest in? Something with good growth potential(5yrs+) and low risk? Any suggestions?

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invsense

November 21, 2007

Posted by invsense

5 stars ( 1 rating )

research Legg Mason Value (LMVTX). I've been watching this fund for some time. I see this fund as being valued very cheap, with good growth potential ahead for the long-term investor (2+yrs).

After you look into LMVTX, research Fidelity Magellan (FMAGX). Manager Harry Lange is on a hot streak with picks: Google and Nokia.

Comments

  1. quicklearner: thanks for you feedback. i was looking at LMVTX's holdings and saw that it includes "E*TRADE Financial". From what i have been reading, they are on the verge of filing for bankruptcy...how will this effect the fund?

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bahellman

November 21, 2007

Posted by bahellman

3 stars ( 1 rating )

Have you considered an index fund? I recommend: VANGUARD INDEX TRUST 500 INDEX (VFINX) and SPDRs (SPY). These aren't aggressive growth funds, but they provide a good starting ground.

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