Apr 17 2009
Funds to Sleep On
It’s time to put the toe back into the water. Since no one can predict the bottom of this market downturn, investors should always invest over time. Fund investing right now is a great move because it is a wonderful way to get in on so many great deals.
First, global resources are starting to pick up. Global resources are going to only become more in demand, and funds like this capture everything from water to steel to precious metals. Imagine what will happen when building picks up again here in the United States. It is picking up in China now that the credit markets are opening back up.
Another fund that will be going up will be small cap funds. Small companies bounce back faster than big companies. If you can get a good small cap into your portfolio, it should bring acceptable results.
Some of the more stellar performers are Scudder, Janus, and Fidelity. Scudder Global Resources is closed if you are in a brokerage outside of Scudder itself, but consider buying them directly if the fund is open. Consider, too, that as many people pulled their money out of various funds, some funds have opened back up. Marsico Funds also has talented fund managers.
In all, you have to be in the game to win, and these funds should remain fairly stable during this volatility. Smart investing will be the best strategy now.
