Just starting out, a mutul fund is a good approach. Some you can buy from brokers like Fidelity or TD Ameritrade. Others you need to buy directly from the mutual fund company. There are some good funds but most are not so you must do your research. To begin with search for funds that have a good long term record and are invested mostly in stocks. Windsor fund is one offered by Vanguard although its record over the last 5 years has not been too good. The best performing funds over the last 5 years have been gold funds, oil funds, and foreign market funds. Your guess is as good as mine as to whether that will continue but China looks rather more enticing than the U S for sure.
2006-06-17 12:05:46
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answer #1
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answered by Anonymous
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You should check the no-load mutual funds, undalbert. All of your money works for you right away since there are no out of pocket fees. Do some research and find the ones with the lowest expense fees. (Their fees are taken out of the overall pool of funds, so you never see the fee, only the net growth or loss.) Then compare these for annual return over the past year, five years, and ten years. A couple of good choices are the Janus Enterprise Fund and the Excelsior Value and Restructuring Fund. Also select according to your age, as a high risk fund is good for younger people who are investing for the long term. The closer you are to retirement, then the less risky your fund's investment policy should be.
All mutual funds should offer Roth IRAs. I've never researched one that did not, but check and make sure before wasting time on research.
If you have a trusted banker or broker, that's OK, but be ready to pay some steep fees up front and annually.
Good investing to you!
2006-06-17 05:14:07
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answer #2
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answered by Flame 6
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Liberty Mutual
2006-06-17 05:04:49
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answer #3
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answered by jayoflane 2
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Fidelity
2006-06-17 05:09:00
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answer #4
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answered by crisagi 4
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Just for some added knowledge and possibly good advise on how to go about finding the right place for you, try checking out http://www.investinginbonds.com/learnmore.asp?catid=46&id=5 It's very resourceful. Good Luck
2006-06-17 05:12:39
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answer #5
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answered by dudettasmurf 1
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Fidelity.
2006-06-17 05:08:17
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answer #6
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answered by Maria M 2
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