hi!
Yeah mutual funds are great. But i have to read a lot of books to invest wisely. The best ive read so far is Mutual funds for dummies.(dont laugh, im serious :) plus i bought investment magazines to study trend of various funds.
Before investing in any fund, you have to undergo a risk assessment test. there are many risk assessment test online.
They can help recommend on how much funds to allocate appropriately to equity, bonds and cash.
I bought my funds online and never on banks (due to hidden charges). I remember when i first bought mutual funds. A few weeks, they are all in the red but later on,it grew due to good economy. Occasionally, you will see them in the red especially when all the stocks are low but eventually it will go up again. Its a rollercoaster ride. But its better than leaving it in the bank deposits and long term investment is the secret as in 10 years to balance the downcycle.
Good luck!
2007-10-09 06:48:12
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answer #1
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answered by DeathStar 4
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As the prices of mutual funds change daily, finding the best performing funds can be quite tricky. In case of normal stocks and securities, you often track the prices. But for the mutual funds, it is better to conduct research to decide which investment company is administering the fund and the specific securities held by the mutual fund.
Selecting a mutual fund administered by an investment company with good record of selecting attractive investments is a right sign that buying the fund is a smart move and securities held by the fund have been steady performers that can increase stability and security of a risky investment.
http://debts-to-wealth.com/category/Guide-to-Mutual-Funds.html
2007-10-09 16:30:33
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answer #2
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answered by Pitty T 2
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The best and simplest way to do this is S&P500 Index Fund through Vanguard Mutual. This is the largest low cost mutual fund provider with excellent customer service that is essential when you are an inexperienced investor. They are a no-load fund provider, and the annual service charge on an index fund is very low. An index fund tracks all stocks in its particular segment, in this case, the S&P500. This is the safest way to invest long term in the stock market, with above average returns. Most Mutual funds, by the time you factor in fees and charges will UNDERPERFORM a simple index fund.
I suggest doing some basic education for youself. Try Motley Fool's website. And learn about index fund investing for yourself. www.fool.com
2007-10-09 06:53:10
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answer #3
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answered by Anonymous
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I'd put less into a brokerage account and more in the Roth. The tax benefits are worth it in the long run. You can make an $8,000 deposit into your Roth now. Hold onto $8,000 and then make your 2008 contribution after the first of the year. That would make $16,000 of the $25,000 that you can put into the Roth within three months.
2007-10-09 07:33:55
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answer #4
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answered by Jay P 7
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once you're making an investment in MF's your spotlight will be on optimum returns. yet mutual fund by utilizing itself won't be able to assure sturdy returns. The portfolio of the fund ensures the returns. so that you shall choose a fund with the perfect portfolio (team of stocks). choosing a percentage to advance a sturdy portfolio is a job of a carry close. diverse study and wise-targeted eye is needed for figuring out on a sturdy percentage. a blend of a "carry close & wise-targeted EYE" does no longer come cheam. in worry-free words perfect agencies can employ this expertise a deleop and team of a tournament winner. agencies like HDFC, ICICI and so on has those abilities. choose a fund of any of the above agencies with a demonstration "G" (strengthen) connected to it. be certain to stay invested for a minimum of four to 5 years
2016-10-20 06:12:19
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answer #5
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answered by ? 4
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Excelsior funds that have been just bought by Columbia have had strong returns. The "shares" class is no load fund, but of course, it does have annual management fees.
American funds have had solid returns, and if you buy B or C share, they will not have a sales load. but they have certain early liquidation restrictions.
Do more research, www.kiplinger.com is great. They pick best funds, and tell you why.
2007-10-09 07:29:29
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answer #6
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answered by Anonymous
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I'd get onto a web site of a financial company of your choice, like fidelity.com or scott trade, etc. Once you get there, you can build your portfolio and gear it toward the risk and goals, as well as types of stocks you're looking for.
2007-10-09 06:38:35
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answer #7
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answered by Hiker 4
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