How Do I Pick the Right Mutual Funds?

How Do I Pick the Right Mutual Funds?

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[ChristopherAbelman]

Building passive income through dividends is a solid strategy, but for me, early retirement with financial freedom is the ultimate win – especially if it means having a million at my fingertips. I'm ready, but here's what I'm after: what can I do to capitalize on the next market surge and accelerate my path to independence?

[ramenandgyoza]

Being an immigrant here in the US, i never imagined before that the American Dream is indeed very possible. Thanks to the Dave R show, i really think in time with discipline and hard work, we can be an Everyday Millionaire which was something i never thought was possible.

[bradleymaravalli]

Much appreciate the question and answer. Makes me feel better about what to do and the buy & hold strategy.

[flisfinance]

Wow this guy is awesome! He is going to do well if he picks a general fund that meets his needs

[ClaxtonBay]

You just pick Index Funds. SP500 or Total Stock Market and leave it there... Don't over think it..

[kabirahamed]

Thanks i knew about Michael Ross! He was my professor in Oxford and told us about Vectra!

[vincentchamberlain]

The best thing a person who doesn't know how to invest should do is put their money in a good index fund that has low fees

[Je.rone_]

By finding an index/ exchange traded fund

[BubbleMania]

I would suggest actually looking at what the fund holds at the very least. I personally like to invest not based on what category the fund is in but rather what is actually in the fund. A lot of the bond funds hold 30 year mortgages so that's why I don't like any bond funds.

[wailing]

True I can't help looking some account and make moves of it. Compare those I neglected seems perform better. Until 5 to 10 years you suddenly look back. Maybe all psychological because it's like a magical growth when you forget you even have those money

[jvm-tv]

Buy a broad market index and forget about it.

[saltycontractor]

I am curious what software or resources you use to research the funds you invest in.

[digitalman]

Hard to keep it to exactly those types when there can be some overlap inside funds.

[alienresearchlab]

So buy a Growth fund, a Growth and Income fund, an Aggressive Growth fund and an International Fund? Or...just buy an S&P 500 Index fund and be done with it. Most of the S&P 500 companies are growing, pay a dividend, and have international operations so you are covered across the board. Most actively managed funds don't beat the index and they charge higher fees as well.

[CaseyBurnsInvesting]

Raj is the prototypical first generation millionaire. He’s crushing it and has a drive most Americans would do well to emulate during that time they spend whining.

[goku]

How do you buy or where do you buy the mutual funds that he’s talking about?

[ignitionSoldier]

I would stick to Warren Buffet's advice which is similar to Dave's. When you buy in, then plan to hold onto that investment for a long long time. Trying to trade is going to make you go broke over the long term.

[beevang]

Dave you should talk about target date retirement plans.

[jakefarmer]

Raj believes in the american dream more than most Americans. Keep crushing it!

[RandomBoxingGuy]

There’s so many thousands of mutual funds out there ... if line to know EXACTLY which one Dave recommends... not just “Growth Mutual Fund” ... WHICH one...there’s thousands??