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
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