MFS IRA advice?

Question

Im 20 and looking for advice on which mutual fund to put my money in. Right now it is in the mass investors growth stock fund and is not going anywhere

Answer 1

I wouldn't recommend MFS if you have other choices (because of their fees), but assuming you don't, I see no reason to change within that family. Your focus should be on what your investments will be worth 40 years from now, not "right now". Growth stocks, generically, are pretty good places to be over forty years.

Answer 2

Try BlackRock High Yield Bond Inv A

( MUTF:BHYAX ).  You'll earn 8% a year on it.