How can i purchase mutual fund?

Question

How can i purchase mutual fund?

Answer 1

The best place for a novice investor to start a mutual fund is Vanguard.com.

Answer 2

stockbroker

Answer 3

You have two choices

You can open an account with any brokerage firm, and if it is a major firm they will have selling agreements with most mutual fund companies.

You could open an account directly with the fund company, many will accept your business and open an account for you.

If you are going to buy funds from several different fund companies it would be in your best interest to open an account with a regular broker/dealer.  

Since the mutual fund companies have their own fees/commissions for buying funds, all transactions through a brokerage firm will be the same. But you can buy no-load funds, which do not charge commissions on the buy sell and very seldom charge on the sell side.

Answer 4

In order to purchase a mutual fund, you will need to open an account with a brokerage firm.  I currently use Firstrade (http://www.firstrade.com/ ).  They're cheaper than big name brokers such as Etrade, Scottrade, Ameritrade, and Schwab. Plus, their website is very easy to use, making them perfect for beginners. I would definitely recommend that you check them out.

However, I would not recommend using Zecco. First of all, their 10 free trades per month deal requires you to deposit at least $2,500. Plus, their website is very hard to use, definitely not beginners. They may seem cheap, but they charge all sorts of unnecessary fees for other services.

Answer 5

i started with zecco.....still use it, still very happy. only ones with no fee for stock trades, and no minumums.  it took me some time to see that most of my gains were lost to the fees i paid to actually buy stock and sell it....all the others will charge you fees for trading, but compare and see for yourself!

http://friends.zecco.com/r/a7a2877caab81...