Best way to invest my money on mutual funds?
All, I have $2500 that I would like to invest in mutual funds. And every month put in a couple hundred to invest in. Now, I am not very savvy when it comes to financial investment. I read that Fidelity is a very good mutual fund house. They have a couple of Fidelity office around my job. Would it be a big mistake if I go there and talk to one of their rep to help me invest my money? What should I ask for, look for? Thanks for any info!
Asked By: Nutzer - 1/9/2008
Best Answer - Chosen by Asker
Fidelity is a reasonably good company. They are one of the largest. Some of the funds are excellent but some are not too good... More
Answered By: muncie birder - 1/9/2008
Additional Answers (5)
Send it to me and I'll invest it for you for 5points
Answered By: robbiec202 - 1/9/2008
First off, congratulations on your decision to save. I started when I was 20. I wish I had started when I was 10. However, you won't make a "big mistake" if you go with Fidelity. They are the 3rd largest mutual fund house. (#1 is Vanguard and #2 is American Funds). I would suggest no matter who you use that you... More
Answered By: bowens - 1/9/2008
right now, don't invest in mutual funds. stay safe during the housing crisis which is deeply affecting all mutual funds, both american and abroad. wait about 6-9 months, if IF things in the economy improve, then go with international Canada, SE asia, Emerging Markets and European funds. The euro is worth more than... More
Answered By: xfileaddict1969 - 1/9/2008
Just decide what " Risk" level you are comfortable with and select a fund that meets that criteria. Usually higher risk can also equal higher return possibilities. Fidelity has many good funds. Also ask yourself : IRA, ROTH IRA, or non-tax deferred?
Answered By: mcmdcak - 1/9/2008
Make sure to look for funds that don't have excessive management fees as well
Answered By: FSU will return to glory - 1/9/2008
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Are you the Beauty Expert in Your Group? Then Say Yes to Sell Avon!
Click. Search. Apply. Free!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.