Investing in Mutal Funds?

Question

Investing in Mutal Funds . Can I go with ING ?

Thanks fo ryour answers .. u guys ar egreat

Answer 1

You are aware that the ING funds have a front end load? You should really do a fund by fund comparison of fees, performance, and asset turnover. There are instances where a front end load fund will make sense as an investment, but generally speaking a no load fund is to be preferred. There are plenty of them on the market. Fidelity, Vanguard, Royce, T Rowe Price are all very good.

Here is what I suggest. Pick the ING fund/ funds that you are interested in and compare them on a spread sheet with similar funds offered by the companies mentioned above so you can get a like to like comparison (Royce Funds offers only small cap funds) The other 3 offer something for everyone.

Answer 2

ING is a good investing company, so are Vanguard, Fidelity, T.Rowe, etc. Who ( and why) you choose one company is not as important as getting started...
Learn about funds at: http://beginnersinvest.about.com/
or at: .http://finance/yahoo.com/funds
also:http:/moneycentral.msn.com/investor/home.asp/beginnerguide.asp?page=introduction
You will see that many companies have funds in all different styles...the company that you invest " through" does not have to be the only company you invest " with"...you can get ING funds , or Vanguard funds "through" Fidelity....or vice/versa.....and if you start with one and don't like them for some reason..you move to another!
So, the important thing is just get started...your first investments should probably be long-term, retirement plans...Get into an IRA, pick a " balanced" fund ...and just watch it work..( you'll get quarterly reports- or check on-line if you want ) Then you'll get the " hang" of it...Do you want to move something, do you see better funds, better returns....some people do well just investing in a couple of funds and doing nothing else...other people want to move to the best performing funds every six months....you won't know " who" you are 'til you get some money into one or two.
In the long run, the funds are the way most people prepare for their future..( the gov isn't doing such a great job at it...look out for yourself and your loved ones)
P.S I, myself, use Fidelity because they have so many of their own funds, and even most of the funds of other companies can be bought with no " transaction fees". I think ING and American have mostly " load funds"...you actually pay to get into them...other " no-load" funds charge you a smaller percentage some time around the end of the year.

Answer 3

Not much of a question, but of course you can put your money anywhere you want to.

I suggest you do some research at the library, try Weisenberger's big book, then check out some web sites like Morningstar.com. Then find the fund family or broker you want to go with.

Good Luck