Now more than ever, America’s employment situation makes knowing your mutual funds and other retirement options an absolute must.
According to the last published figures from the Bureau of Labor Statistics, the average worker stays at his or her job for about 4.6 years. For workers in management and professional occupations, the average tenure is 5.5 years.
With so much transition in today’s workplace, it is clear most of us will not be receiving a 40-year service award or a fat pension based on decades of service. This underscores the critical importance of funding and growing your own nest egg through your 401k as well as IRA contributions and taxable investments in well-managed mutual funds that you can control and manage successfully.
Here are five solid, no-load fund choices that use fundamental analysis to give investors an edge: