What is the best source to know more about buying mutual funds?

Question

I am a begineer and would like to know how to start .

Answer 1

Honestly, I love Kiplinger's Finance magazine, even though I started by just buying a few direct before I had a broker. Every month they rank the top ten or so of each type, plus they have real life stories of other people's investing - the current issue is the reason I started subscribing years ago, it's called "Things you can do with $1000" or something like that. I love the magazine, and don't feel they are too biased on any companies.
Also, believe it or not, I use yahoo finance a lot too, for research - it's ALMOST better than my Smith Barney web site for research, and it is free, and quick.

Answer 2

I use the search information on Charles Schwab website but I have an account.
I would suggest something like Vanguard or Fidelity index funds to get started and not bother with anything else until you understand what to look for in prospectuses and what all the fees mean so you can tell if you fees are in line. Watch out for front end, back end and side loads(12b1 fee). Loads are commissions and will cut into your profits.
Save in index funds until you have more than 10K then you can sell that and buy other funds.

Answer 3

Hi! I can understand your frustrations about not knowing where to start! Actually, what I did several months ago, was I got some books and just started reading, getting advice from professionals. Of course, there is conflicting info. out there.

If you want some web resources though....I'd recommend msn money and even yahoo has a finance site. It's a good start.

http://articles.moneycentral.msn.com/Investing/StartInvesting/StartInvesting.aspx

Answer 4

Arieal Capital amanagement. I like their long term strategy of slow and steady. Also read "The Only Investment Guide You'll ever need"