Mutual fund suggestions......?

Question

Only want to spend a couple hundred dollars, anyone have a good suggestion for a long term growth fund??

Answer 1

All the no-load funds require at least $1,000 (Vanguard STAR fund, most want $2500) initial investment.  Many consider the best of the loaded fund families to be American Funds.  They require I believe $250.

check out their web site at:  http://www.americanfunds.com/funds/retur...

Answer 2

There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs).  One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience.  Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.

Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website

http://moneycentral.msn.com/home.asp  it has an entire section on mutual funds and Exchange Traded Funds.  Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.

You could also contact the funds companies for more information.  I have found that Vanguard & Fidelity can meet your needs for mutual funds.  The service and information they provide is all free and you will find it helpful.