Best Mutual Funds to Buy for a Market Correction: Vanguard 500 Index (VFINX)
Minimum Initial Investment: $3,000
Investors looking to add to long positions in their mutual fund portfolios will be wise to pick up shares of core holdings like Vanguard 500 Index Fund (MUTF:VFINX), especially when the market sees its first correction of 2017
Long-term investors don’t bother with timing the market but prefer to place their resources on time in the market. And those who have any extra cash to invest are smart to pick up more shares on dips and larger corrections, which is but one of many reasons we named VFINX as one of the best mutual funds to buy for 2017.
VFINX is the original S&P 500 index fund, which means you get cheap exposure to large-cap stocks like Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOG, NASDAQ:GOOGL).