Switching to mutual funds.QA I have four government CDs worth $5,000, and each has reached maximum growth. F. Kinsey Kin·sey , Alfred Charles 1894-1956. American sexologist and zoologist noted for his 1948 study, Sexual Behavior in the Human Male, popularly known as "The Kinsey Report. II New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded To obtain moderate growth from your investments, I'd recommend selecting a set of mutual funds that have varying investment styles. That way, you will build diversity into your new portfolio that should protect you from market fluctuations. You can research funds of interest at Morningstar.com. My choices would be: a foreign large blend fund Blend Fund A mutual fund composed of various asset classes (such as stocks, bonds and money market securities), allowing investors to diversify their holdings by owning just a single fund. Also called "hybrid funds". , to give you exposure to overseas stocks and bonds at a time when they are excelling; a moderate allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as fund, to capture the full benefit of the moderate risk investing that you desire; a multisector bond fund, to give you an experienced bond manager who can select the right mix of bonds that will perform in any market; and a domestic mid-cap blend fund, to give you exposure to affordable companies that should have room to grow when the economy begins moving again. Over the last three years, Morningstar reports that funds in these categories have averaged returns of 25.15%, 13.11%, 8.94%, and 13.49%, respectively. While these average returns are not guaranteed, they give you an idea of what is possible if you select the right mutual fund manager in the right fund category. Mail your money management questions to Ask B.E., BLACK ENTERPRISE 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to scottm@blackenterprise.com. |
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