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8 Great Starter Funds

These Gold and Silver medalists are good options for your first fund.

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Editor's note: This article originally ran on May 16, 2018. It’s since been updated to reflect new data.

My 8-year-old daughter recently reminded me of a math riddle I remember from when I was a kid: "Would you rather have a million dollars right now, or one penny doubled every day for 30 days?" The answer seems pretty obvious at first blush--take the million bucks! Who wants a pile of pennies in a month?

Karen Wallace does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.