Mutual Funds Questions?

Question

Do have to do mutual funds online.Or is there a place you can go in your town

Answer 1

Mutual funds can be purchased directly from the mutual fund company, or like a stock at any brokerage.

If you can find a mutual fund companies office nearby, like Fidelity has one near me, you can buy it there. Otherwise you can go to any brokerage to buy.

Answer 2

Hi Mic 1,

You can buy mutual funds online, in person or add to existing positions over the phone. Mutual funds can be purchased from a broker, a mutual fund supermarket like Charles Schwab, a bank, through a 401k plan, and directly from a mutual fund company.

Here is tutorial on Investopedia.com's website that may help answer some of your questions:

http://www.investopedia.com/university/mutualfunds/default.asp

I hope this helps.

Michael A. Weiss, CFA
The Editor
The Mutual Fund Investor
http://www.mutualfundinvestor.net

Answer 3

Edward Jones try it....


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.

Answer 4

you could do both but if you go to places like state farm or Edward Jones they will charge you an upfront commission aka sales load the average is 5.25%. banks such as Bank of America does have no load funds and there are NO hidden costs with buying them unlike some brokers that will charge you for purchasing the funds.

Best bet is bank but I perfer ETF's over Mutual Funds because of their lower costs and no mimimums to buy.

Answer 5

Many insurance companies are getting into the investing and financing business, and of course, they'll have mutual funds.

You may want to check into an insurance broker's office, such as StateFarm.

Or, go to a bank... they might have somebody there who can work with you on personal finance and investing...if it's a large enough bank.

Answer 6

You can buy mutual funds through pretty much any stock broker. There are several on-line brokerages like eTrade, Charles Schwab, etc...

Answer 7

any broker can buy them for you, but it is cheaper to buy them directly from the mutual fund family, buy only no loads though.

Answer 8

Look for an Edward Jones rep. They're in the book.

Answer 9

If you want to talk to someoen face to face, you can search for financial advisors in your area. Be prepared to pay hefty fees if you invest through them.