Fab, the webmaster @ Rat Race Players (one of our charity sponsors), emailed me regarding some mutual funds that I would recommend. As many of you know, I am not a financial advisor, and I do not make formal recommendations. However, with that said, I will discuss some of my favorite mutual funds.
First off, mutual funds can be expensive in the long run, and 80% of mutual fund managers do NOT beat the market. Thus, if you believe in statistics, you are probably better off investing in low cost index funds or ETF’s for the long haul.
However, I still like a few mutual funds. In my opinion, I believe the key to a successful mutual fund is the mutual fund manager. Below are some mutual funds that I like:
- Francis Chou has a long track record of beating the market. He is a deep value investor who follows a similar investment strategy to Warren Buffet.
- This fund is a bit expensive, but has a beaten the index over the past 5 years with impressive returns.
- As a fan of dividend investing, I like steady growers like the income funds offered by the big banks. Most of the MER’s involved are fairly low and are steady performers.
- I like the PH&N family of funds as they are steady performers with reasonable MER’s.
Note that post performance does not indicate future results.
To screen mutual funds, I use:
As I’m not a huge mutual fund investor, my knowledge is limited. Which mutual funds do you like and why?