whats the best way to pick a good mutual fund?
i am currently trading through Wells Fargo through my pma account. free trades... im looking to store some money in a good mutual fund. im having trouble looking for a good one or even understanding how to access them. im not afraid of some risk. please point me in a direction or a different one rather first 100 trades are free. I deposited a insurance check and they set me up with pma privite banking with all these little perks. Supposedly you have to maintain a 250k total funds or 10% from your homr mortgage if threw them or else i have to pay a certin amount per trade. If i keep at least $25k its 5.75 after the 100. Please advise...
Asked By: GRANT. Y - 2/10/2009
Best Answer - Chosen by Asker
There is no easy way to judge which mutual fund is good and which one is not. Because past performance of a fund is no guarantee that its future performance will be the same... More
Answered By: Alvie - 2/10/2009
Additional Answers (3)
Try doing the following Yahoo search: Mutual funds buyers guide
Answered By: Space Invader101 - 2/10/2009
Use your "asset allocation" model to see where you need to add a position to. Look for funds that are no load, low fee. They should have a history of ten years (no less than five). Compare them to their peers (not just any fund... More
Answered By: Common Sense - 2/10/2009
Do you REALLY think Wells Fargo is giving you free trades... More
Answered By: Net Advisor - 2/10/2009
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