How to invest in Mutual funds?!?

Question

I'm a full time working 20 year old looking at investing in Mutual found and was wondering how i get involved with buying and later on selling mutual founds.

I would like to invest

1/4 in a growth income fund

1/4 in a mid cap equity fund

1/4 in a International fund

1/4 in a Aggressive growth fund

Please let me how I can start creating a portfolio and how to get started in mutual funds.

Thanks!!

Answer 1

Does the place where you work offer a 401K plan?   If so, they not only make it easy for you to invest, often the company matches funds to some point.

Answer 2

Hi,

You might wanna check this one out:

http://where-to-invest.blogspot.com/sear...

Answer 3

I agree with poster #1, that a 401k is a good place to begin your investing & save for retirement.  Another thing you might look at, is an IRA or a brokerage account.  

Vanguard, Fidelity or TRowe Price would be able to help you setup an IRA or brokerage account.  And they also have funds to invest in the categories you mentioned.  

www.fidelity.com

www.vanguard.com

www.troweprice.com

Answer 4

That looks like a great portfolio. I believe that 's a perfect portfolio for you. Stick to basic principals. Buy and hold those fund until you are getting ready to retire. Start with your 401k only if they match your contributions. Otherwise look for a fund that has average 12% for the last 20+ years. If all the funds belong for to the same family you will save on money fees.

Look at this concepts:

$100/mo @ 12% for 20 yrs => $100,000

$1000 @12% for 20 yrs => $11,000

Start yesterday.