I am 20 yrs old . I want to get a mutual fund how doi i go by doing that.
2007-08-23 12:01:59 · 8 answers · asked by MIC 1 1 in Business & Finance ➔ Investing
You can buy mutual funds directly from the mutual fund company, by going to their web site.
You can also by them just like you would a stock, by buying through a broker.
2007-08-23 12:17:43 · answer #1 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
I do not like American funds. They are team managed and many are loaded funds. I like to put my money with a manager who I know what kind of manager I am getting to take care of my money. You are 100 % correct on banks. They are bad places to invest. The URL below is a simple road map to investing. Remember you have a lot of choices. I like no load mutual funds. Why pay a commission when you can get something better for free?
2016-05-21 02:28:31 · answer #2 · answered by ola 3 · 0⤊ 0⤋
Definition of Mutual Funds: You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
2007-08-24 02:07:13 · answer #3 · answered by Pitty T 2 · 0⤊ 0⤋
Well, what kinda mutual funds do you want to invest in? There are ZILLIONS of different kinds. Go to Vanguard.com and look around. You risk loosing money in anything but a money market. Vanguard has the best money market there is - it's called the Vanguard Prime Money Market. It pays over 5%, and you get checks to write for larger purchases - I think it's over $250. I think it's $1000 to open, but check out the site.
https://flagship.vanguard.com/VGApp/hnw/home
2007-08-23 12:13:43 · answer #4 · answered by ♛ CindyBradyTooh ♛ 7 · 0⤊ 0⤋
You can buy mutual funds directly from the mutual fund company, by going to their office
2007-08-23 14:27:57 · answer #5 · answered by Anonymous · 0⤊ 0⤋
your best mutual fund companies are vanguard and fidelity. they have the lowest fees, great educational website, and many options..you canotgo wrong with any of thesetwo
2007-08-23 15:13:29 · answer #6 · answered by zioncanyon 3 · 0⤊ 0⤋
Ring Vanguard and tell them " hello, my name is Bill Gates. I want to track the S&P 500 and I have $200. OK"?
2007-08-23 14:37:12 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.
http://www.tutorialforyou.net/investing/
wish it will help you.
2007-08-23 16:35:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋