For those of us that are hard working every day people, the idea of no load mutual funds has an excellent appeal. In an age where we are saving every last dollar investing can be a tricky business, it is refreshing to know that we have some options. It sounds easy, but you will have to do the research on your own. Information changes daily, so you will have to stay on top of the no load mutual funds list to make sure you are updated.
No load mutual funds are investments that do not have additional commissions or sales costs added to them. This means that one hundred percent of your dollars are applied to the actual investment. The concept is a good one, but, like trying to sell your house on your own, there is a reason that the commission is added to an investment: You are paying for someone else’s expertise and knowledge. Professional investments counselors make it part of their business to know the status of the investments and have up to the minute information. If you think you are up to this, no load mutual funds are an excellent choice for you.
If you think you are savvy enough to jump into the no loads investment arena, you will have to do the work on your own and follow your investments on a daily basis. Looking for the long term overall gain is the best bet. You can view information at Kiplinger’s or Morningstar websites to get up to the minute updates.
Studies have shown that there is no significant performance difference between load and no-load mutual funds. If you have a bit of time and the energy to do the work, you have a chan?e to put those extra dollars to work for you.
Researching recent performance is not good enough. You should be reviewing performance over at least a ten year period, taking into consideration the condition of the market during each year, the assets of the company and the minimum investment required.
If you are considering international mutual funds, do some additional research and look into the foreign tax situation. You will be required to pay foreign taxes but may be able to take a foreign tax credit on your income tax. Consult with your Accountant to make sure that you get the best tax information.
Here is a no load mutual funds list of the best performers in 2009 to consider:
No-Load U.S. Stock Mutual Funds
• Baron Small Cap (BSCFX)
• CMG Focus (CGMFX)
• Dodge & Cox Stock (DODGX)
• Fidelity Contrafund (FCNTX)
• Longleaf Partners (LLPFX)
• Selected American Sahres S (SLASX)
• T. Rowe Price Equity Income (PRFDX)
• T. Rowe Price Mid-Cap Growth
• T. Rowe Price Small-Cap Growth
No-Load International Stock Mutual Funds
• Artio International Equity II A (JETAX)
• Dodge & Cox Int’l Stock (DODFX)
No-Load Bond Mutual Funds
• Dodge & Cox Income (DODIX)
• Harbor Bond Institutional (HABDX)
• Loomis Sayles Bond (LSBRX)
• Vanguard Infl-Protected Secs (VIPSX)
