Our favourite funds to hold for the long term

These funds can help young investors reach their retirement goals.

Shehryar Khan, CFA 29 January, 2016 | 6:00PM

Note: This article is part of Morningstar's January 2016 Five keys to retirement investing special report.

Young investors should approach planning for their retirement the same way they would for a long road trip. Anyone who has driven a vast distance knows that choosing the vehicle that will get you where you need to go is a critical decision. A convertible may be the sexy choice, but chances are it isn't as practical as an SUV.

Over the course of their life, investors will face the financial equivalent of the many detours, rain and snow storms, dead-ends and traffic jams that they would on the road. Therefore their choice of vehicle needs to not only be strong enough to get them to their destination, but also sturdy enough to withstand the numerous obstacles (and there will be many) that will be faced along the way.

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About Author

Shehryar Khan, CFA

Shehryar Khan, CFA  Shehryar Khan, CFA, is a senior investment analyst for Morningstar’s Investment Management group.

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