What is a mutual fund and how do they work?

Question

I am about to graduate from college and would like to star investing in a mutual fund, but I have no idea how they work. How do I invest?, what are the returns I get?, is there a risk?, how much do I invest?

Answer 1

Take a look at a mutual fund premier: http://www.fundmojo.com/primer.shtml. Also, you might want to check out some top funds from various publications. Here is a link with various magazines mutual fund recommendations: http://www.fundmojo.com/mutualfund/index...

Answer 2

Go to www.mfea.com or Yahoo Finance. Mutual funds are explained there.

Answer 3

For basic questions like these, one of the best sites is Morningstar's Investing Classroom.  They have a mutual fund introduction at:

http://news.morningstar.com/classroom2/h...