7 Best Mutual Funds for Your Investment Portfolio in November 2024
Investing in mutual funds is an excellent way to diversify your investment portfolio and grow your wealth over time. With numerous options available, it can be challenging to choose the right ones for your unique financial goals and risk tolerance. In this article, we will discuss seven top-performing mutual funds that you may consider adding to your portfolio in November 2024.
Vanguard 500 Index Fund (VFIAX)
This low-cost index fund tracks the S&P 500 index, making it an ideal choice for investors seeking long-term capital appreciation and a broadly diversified portfolio. With a low expense ratio of 0.14%, this fund is a staple among passive investors.
Fidelity ZERO Large Cap Index Fund (FNILX)
Bold: Another index fund worth considering is Fidelity’s offering, which tracks the Dow Jones U.S. Total Stock Market Index. With a zero expense ratio and no minimum investment, this fund is accessible to all investors and offers excellent exposure to large-cap stocks.
T. Rowe Price Equity Income Fund (PREQX)
This large-cap value fund focuses on undervalued stocks with a strong emphasis on dividend growth, making it a suitable option for income-focused investors looking for capital appreciation and consistent income streams.
Dodge & Cox Stock Fund (DODFX)
Italic: This value fund, managed by Dodge & Cox since 1965, has a long-standing reputation for delivering solid returns by investing in undervalued U.S. equities across various sectors. With a focus on companies exhibiting strong fundamentals, this fund is a reliable choice for value investors.
5. TIAA-CREF Small Cap Stock Fund (TIASX)
Small-cap stocks can offer higher growth potential than their large-cap counterparts, and this fund focuses on small companies in the U.S. markets. With a lower correlation to the broader market, adding this fund to your portfolio can provide excellent diversification benefits.
6. iShares MSCI Emerging Markets ETF (EEM)
Bold: For global investors seeking exposure to emerging markets, this ETF is an attractive option. With a diverse portfolio of over 1,500 stocks, it provides excellent access to countries with high growth potential and lower correlation to developed markets.
7. Schwab International Equity ETF (SCHF)
Italic: This global ETF, which tracks the FTSE All-World ex-US High Dividend Index, offers exposure to high dividend-yielding stocks from developed and emerging markets outside of the United States. This fund can be an excellent addition for income-focused investors seeking international diversification.