4. Mutual fund that averaged 12% for the past five years.
5. Lowest performing mutual fund for the past ten years.
6. Highest money market rate
To find the answers to these questions, you can follow these steps:
4. Mutual fund that averaged 12% for the past five years:
To determine the mutual fund that averaged a 12% return over the past five years, you can follow these steps:
Step 1: Start by researching mutual funds by looking at reliable financial websites or consulting with a financial advisor.
Step 2: Use the websites or tools provided by these sources to search for historical performance data of various mutual funds.
Step 3: Narrow down your search by seeking funds that have consistently performed well in recent years, preferably with annualized returns close to or exceeding the desired 12%.
Step 4: Once you identify a list of potential funds, analyze their performance over the past five years to see which fund has the average return closest to 12% or above.
5. Lowest performing mutual fund for the past ten years:
To find the lowest performing mutual fund for the past ten years, you can follow these steps:
Step 1: Again, start by researching mutual funds through reliable financial websites.
Step 2: Look for historical performance data on these websites or through financial tools.
Step 3: Filter the funds by their performance record over the last ten years, specifically targeting funds that have consistently underperformed or have negative returns.
Step 4: Examine the selected funds' performance over the specified period to identify the mutual fund with the lowest average return or the most consistent period of underperformance.
6. Highest money market rate:
To identify the money market account or fund with the highest interest rate, you can follow these steps:
Step 1: Check the rates offered by various financial institutions like banks, credit unions, or brokerage firms.
Step 2: Compare the interest rates provided for money market accounts or funds.
Step 3: Take note of any promotional or introductory interest rates, as they may only be temporary and subject to change.
Step 4: Consider other factors such as account fees, minimum balance requirements, and any withdrawal or transaction limitations that may affect your decision.
Step 5: Select the money market account or fund that offers the highest interest rate while also considering its overall suitability for your financial needs and goals.
4. To calculate the average return of a mutual fund for the past five years, you need to follow these steps:
Step 1: Gather the annual returns for the past five years of the mutual fund.
Step 2: Add up all the annual returns.
Step 3: Divide the sum by 5 (since there are five years) to find the average return.
For example, if the annual returns over the past five years are 10%, 15%, 12%, 8%, and 14%, you would follow these steps:
Step 1: 10% + 15% + 12% + 8% + 14% = 59%
Step 2: 59% / 5 = 11.8%
Therefore, the average return of the mutual fund for the past five years is 11.8%.
5. To find the lowest performing mutual fund over the past ten years, you need to follow these steps:
Step 1: Gather the annual returns for the past ten years of various mutual funds.
Step 2: Identify the mutual fund with the lowest cumulative return over the ten-year period.
Once you have identified the mutual funds and collected their annual returns, compare the cumulative return for each fund. The one with the lowest cumulative return is the lowest performing mutual fund.
6. To find the highest money market rate, you can follow these steps:
Step 1: Research various money market accounts or funds.
Step 2: Compare the interest rates offered by different financial institutions.
Step 3: Identify the money market account or fund with the highest interest rate.
You can use financial comparison websites or consult with your financial advisor to find the highest money market rate available in your area.
I found this by means of www.google.com:
http://www.kiplinger.com/tool/investing/T041-S001-top-performing-mutual-funds/index.php
You can find the others by entering each set of words at http://www.google.com
Read and think.