Kiplinger’s Best List

The November issue of Kiplinger’s Personal Finance magazine published their annual Best List which covered a range of products, from investments, to financial service, to travel and leisure. I don’t necessarily agree with their selections of best stocks, best mutual funds, or best credit cards, but it does give me some new information that I don’t know. For example, the magazine mentioned Muriel Siebert as the best place to invest in mutual funds. I never heard this firm before and don’t know exactly what they are offering. But it may be worth a look to see why it is recommended.

Anyway, following is the complete list of the best from the magazine. I added the links for your convenience. You may as well find something new :)

Best stocks and mutual funds

  • Domestic stock fund open to new investors: Fairholme (FAIRX)
  • Stock to put away and forget: Medtronic (MDT)
  • Natural resources fund: T. Rowe Price New Era (PRNEX)
  • Foreign stock fund: Dodge & Cox International Fund (DODFX)
  • Index fund: Vanaguard Mid-Cap Index Fund (VIMSX)
  • Low minimum fund: Excelsior Value & Restructuring Fund (UMBIX)
  • Green stock (traditional): Sunpower (SPWR)
  • Green stock (nontraditional): General Electric (GE)
  • Online broker for fund investors: Muriel Siebert
  • Funky exchange-traded fun: Rydex S&P Equal Weight (RSP)

Best financial services

  • Checking account:┬áING Electric Orange
  • College-savings fund: State 529 plans
  • Student loans: Federal Stafford Loans
  • ID-theft prevention: Direct Marketing Association (remove from mailing list) and OptoutPrescreen.com (remove from preapproved credit card offers)
  • Health savings account for investors: Health Savings Administrators and HSA Resources Bank
  • Green idea: Compact fluorescent lights

Best retirement tools

  • All-around retirement account: Roth IRA
  • 401(k) option: Roth 401(k)
  • Target-date retirement funds: T. Rowe Price
  • Online retirement planning: Fidelity Retirement Quick Check
  • IRA for kids: Scottrade
  • IRA for new investors: Fidelity
  • Rollover IRA: T. Rowe Price
  • Long-term care insurance: John Hancook, Metlife
  • Haven for empty-nesters: Seattle
  • Inspirational retirement guide: Encore: Finding Work That Matters In The Second Half of Life, by Marc Freedman

Best travel and consumer deals

  • Airline: Jetblue
  • Low-cost travel destination: Argentina
  • Cars: Nissan Altima, Hyundai Veracruz, and Toyota Prius
  • Turkey-day treat: Greenberg Smoked Turkey
  • Video game console: Nintendo Wii

Best web sites for investing

  • Most informative: SeekingAlpha.com
  • Bonds: Pimco.com
  • Portfolio tracker: QuoteStream.com

Best web sites for financial services:

  • Tax calculator: Kiplinger.com/money/taxes
  • Credit card report: AnnualCreditReport.com
  • Credit score: myFICO.com
  • Personal finance blog: PFBlog.com
  • Free budgeting: Wesabe.com
  • Student loans: SimpleTuition.com

Best web sites for insurance:

  • Life insurance: Insure.com, AccuQuote.com
  • Auto insurance: InsWeb.com
  • Homeowners insurance: AccuCoverage.com
  • Health insurance: eHealthInsurance.com
  • Medicare: Medicare.gov
  • Customer service: Naic.org/cis

Best web sites for consumer services:

  • Consumer blog: Consumerist.com
  • Phone service: OneSuite.com
  • Online coupon site: RetailMeNot.com
  • Charity watchdog: CharityNavigator.com
  • Drug information: CRBestBuyDrugs.org
  • Customer service: GetHuman.com
  • Guide for entrepreneurs: BizStarters.com

Best credit cards:

  • Cash rebate card: American Express Blue Cash
  • Airline miles card: Citi Premier Pass Elite
  • Low rate card: Simmons First National Bank
  • Travel card: Capital One Platinum Plus MasterCard
  • Gasoline card: BP Rewards Visa

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This post was written by Sun You can find out more about Sun and his activities on Facebook , or follow him on Twitter .

21 Responses to “Kiplinger’s Best List”

  1. Lazy Man |  Oct 11, 2007 at 1:05 pm

    This is very helpful. I still can’t believe their favorite PF Blog. I think they just looked at the total number of feed readers and decided that it must be the best. I don’t know anyone who reads them any more.

  2. MoneyNing |  Oct 11, 2007 at 1:53 pm

    Yeah I agree with Lazy on the PF Blog. They should put mine on there! :) I bet anyone who gets that kind of publicity will instantly add 20k readers.

  3. Moneymonk |  Oct 11, 2007 at 3:52 pm

    Seems like my PRNEX made the list

    Thanks for the great resources Sun, and also for adding the links

  4. Sun |  Oct 11, 2007 at 11:28 pm

    TRP got multiple mentions while Vanguard had only one. I don’t know if it means Vanguard is losing its luster, but apparently indexing is not everything :)

  5. CreditCardMaven |  Oct 12, 2007 at 10:15 am

    I have to agree with those credit card listed, my research gives me very similar results