Looking for the best mutual funds of 2018 for Millennials? Look no further my Millennial friends, here is my list of the 10 best mutual funds for Millennials. I can’t guarantee that you will become a millionaire via these 10 best mutual funds, but I do know that with consistent investments via dollar-cost-averaging, while holding forever, will certainly get you one-step closer to one day becoming a Millennial Millionaire. Simply stay the course and keep on investing, regardless of market conditions. This is your surest path to wealth and financial independence.
2018’s 10 Best Mutual Funds for Millennials
- Target Date Funds (2050, 2055, 2060)
- Small-Cap Value Index Fund (VSIAX)
- Total Stock Market Index Fund (VTSAX)
- 500 Index Fund (VFIAX)
- LifeStrategy Growth (VASGX)
- Total International Stock Index Fund (VTIAX)
- Emerging Markets Stock Index Fund (VEMAX)
- REIT Index Fund (VVIAX)
- Balanced Index Fund (VSMAX)
- Intermediate-Term Bond Index Fund (VBILX)
My aforementioned list of the top 10 mutual funds for a Millennial is made up of all Vanguard funds. I absolutely love Vanguard and their funds, which are the lowest cost funds out there. Keeping your fund expenses low is extremely importing, and that’s what Vanguard has set up to do.
Target Date Funds
Number one on my list of the 10 best mutual funds for 2018 are target date funds. The three biggest players in the “target date funds” space are Vanguard, Fidelity Investments, and T. Rowe Price. They are virtually all identical, except that Vanguard is about 50 basis points cheaper, e.g. about 0.50% less to manager and that is why Vanguard target retirement funds win-out in my book.
Millennials, you have to start investing now. The best time to plant a tree was 20 years ago…the next best time is today. Same goes for investing. Millennials should begin investing right now and make saving regularly a habit, and prioritize paying yourself first above all other financial obligations.