What is a good mutual fund to invest in to make money fast?
I want to invest in a Mutual Fund to make money fast which one is a good one?
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Instead of giving you a fish, I’ll teach you how to fish. Go to morningstar.com, select funds, screener, ytd > 100%, stock performance view, current month, you’ll likely find China, LA and SEAsia where all of the growth since 2003 has been and fundamentals haven’t changed. Ok, here’s some fish while you’re learning, I’ve liked FLATX, FSEAX and FHKCX since the bull market started and I’m up 4X. Right now they are a bit extended from their 50 day moving averages, let them come down a little after any hoopla of fed easing rates here and then get in, or ratchet in over time.
To check their history I like to use stockcharts.com, plug in the ticker, enter, then scroll to bottom and select interactive performance charts, then plug in tickers and extend time horizon back to several years. plug in the ones I gave us vs US S&P500 use ticker $SPX and you’ll see what I mean.
Mutual Funds take YEARS to pay off… figure at least a 10 YEAR investment to make any really good return on investment from a Mutual Fund.
You don’t know enough about the stock market to know how much you don’t know about the stock market.
FIRST: Get a realistic attitude about investing.. you are living in a fantasy world.
SECOND: Contact a good STOCK BROKER… because you don’t know enough about investing to do it on your own.
Let me start by saying that people that want to “make money fast” are often the easiest to scam and the most likely to put their money in something very risky and lose big, so I’d advise you to be careful.
Most mutual funds are not designed to make money fast. They’re designed as investment vehicles where you can invest money and have it grow over time. Many have limitations on how soon you can withdraw the money and/or extra fees if you take it out soon after investing.
One thing that’s available to speed up how quickly you make (or lose) money is leveraged ETFs (exchange traded funds), which are like mutual funds but trade like stocks. You can buy and sell them at any time the market is open and they’re designed to approximately double the return of their related index on a given day. So, for example, the ETF with symbol SSO will go up about 2% on a day when the S&P 500 goes up 1% and down 2% on a day when the S&P 500 goes down 2%. There are several of these leveraged ETFs around. The ones I’m most familiar with are ProShares Ultra funds. There are several that are linked to different market indices.
Congratulations you’ve got the formula to making money fast;
A. Ask strangers whose qualifications and motives can never be known.
B. Make money fast (I’m sure that most people just want to make it slow…. so you won’t have much competition).
C. Use a Mutual Fund to get to your “fast” goal. Ignore all the experts that suggest holding a Mutual Fund more than 10 years (5 at least).
Good luck with this!
Wow! A lot of ” preaching” to just answer a simple question! So, anyway…good returns ( making money fast…maybe 6 months)… are in “international funds” right now. I’d take the FLATX that the first answer gave you and add some FEMKX. No guarantees, of course ( these things go down as well as up ) but you should see about 20% in 6 to 9 months.
You’re not going to double your money or be rich all of a sudden, but you’re going to get a lot more than any bank account, money market, or CD.
Just remember…these things go down ,too. Four times in the last two years these funds have dropped 8 or 10 percent in a few days… BUT.. they come back from those weeks and AVERAGE about 30% in a year…but be WARNED: it is a scary ride!