So over the course of a year I should have my mortgage paid off, and I'm wanting to use the money that was going towards that payment to invest in mutual funds. This would be outside of a retirement account, just as something fun to do (I already put 15%, along with a 9% match into my 401k). I'm looking over some of Fidelity's funds and there are some crazy high returns on some of them. It almost seems too good to be true. It's been beat into my head that it's rare that a fund can beat the overall market, which has averaged around 10%. But I'm seeing all kinds of funds that are in the 15 to 17% range averaged over the course of 10 years. Some of these are even index funds, which have very low expense ratios. Is this for real? Should I put my money into these funds? I'm worried there's something I'm not quite seeing that will bite me in the ass in the future.
Here's a couple that I'm talking about:
https://fundresearch.fidelity.com/mutual-funds/summary/315912709
https://fundresearch.fidelity.com/mutual-funds/summary/316423102
https://fundresearch.fidelity.com/mutual-funds/summary/31606X308
Submitted June 21, 2020 at 09:43PM by gnslinger80 https://ift.tt/3fISk0o
