How do I start to invest in a mutual fund?

Question

what steps do I take

I have some in mind where I want to invest particularly if I know which ones I want to invest in what i the next step

Answer 1

there are many factors. Read articles on mutual funds. Look at MER (management expense ratios), are there management fees,are they no load funds, low load, do you have to pay a fee to invest your money or take it out, etc..... Mutual funds have many variables and usually  depend on the company selling them.

Answer 2

www.tdameritrade.com

Answer 3

first thing you don't do is go to a financial advisor. Do your own research you would want no load and a low expense fee which is usually nothing over 1% and even 1% is too high. You would probably want to get a Roth IRA so your money is tax sheltered. You should also try index fund they are sort of like mutual fund but they offer really low expense fees. Also make sure you are diversified.

Answer 4

Open an account with Charlesschwab.  They have about a 1000 to choose from.  No fees on most purchases or sales after 6 months.

Answer 5

Mutual Fund is vary effective for  creation wealth, Growth fund is for growth your herd money. You can invest through SIP (Systematic investment plain).

Rs.1000/- p.m x 10years = you will get 12 Lac.(approx.)

For  Application from > write to : [e-mail]

Home service

Answer 6

OK, so you have a few companies you want to invest in.

The first step:

Visit their website or finance.yahoo.com and check their fundamentals. Check their earnings record, check their fees, print and read their prospectus to determine if they are loaded or not. Most mutual funds will earn anywhere between 7-11% anually.

Step 2:

Work on your personal finance and determine how many shares you want to own. Determine your time frame. Are you in this for the long-term? Short term? 1-5 years is considered relatively short. Time frame is important because it will help you manage your portfolio better.

Step 3:

Check out all the discount brokers on the internet. Tdameritrade.com, e-trade.com and many, many others. They offer different fees and different services, but all of which will allow you to pick-and-choose the stocks you want to buy.

There is a lot more to buying stocks, but I hope this helps gets you started. Email me if you need any help. Good luck!

Answer 7

I suggest you visit Vanguard.com.  They are probably the most well-respected mutual fund company around.