Where can I buy mutual funds from? Any suggestions? I am not sure how to start?

Question

I am a college student and I would love to invest in mutual funds. What sites you people usually used? For example for stocks they would get firms such as Etrade,Scottrade,Firsttrade,Zecco, etc. Is it the same thing? What should I look for toward in a fund? What is a morningstar rating of 5 stars? Any suggestions?

Answer 1

The firms offer the same selection however many do not offer the low-cost leader, Vanguard.  You can open an account directly with them.

Look for lowest Expense Ratios.  Best to start with Index funds to buy and hold.  If you aren't holding for >5 years and are in the stock market you are gambling.

Answer 2

Charles Schwab. They are very service oriented and cheap. Go online and get one of their checking accounts with a brokerage account attached. Once you have that yo can invest in anything you want with direct transfer from your checking, or wherever. Plus once you are a customer you get all their services FREE. Go in and talk to someone, or call them up and start buying. Remember to buy efficiently to avoid extra trading fees. They will teach you everything then take care of the rest.

Answer 3

Be carefull with the answers you receive here. Gregory has no clue or is purposly deceiving in his answer.

Both loaded and no-load funds have annual fees. Every single one of them. The fees are high and low depending upon the Mutual Fund company and the type of investments.

A "loaded" fund is sold through a sales representative. You pay a fee (on average 5.75% of your invested amount)..... this fee goes to the seller... not the Mutual Fund.  The Mutual Funds only make money through the internal fees.  For the 5.75% you supposidly get advice.  Some of it good... some of it very poor.

Do yourself a favor.  Do your own research.  Read books like;

Mutual Funds For Dummy's.     GET THE RIGHT ANSWERS!

Answer 4

Look at Vanguard and T. Rowe Price.  They are no load funds with low fees.

Answer 5

Check here:

http://www.amazon.com/gp/redirect.html?i...

You can find it.

Good luck!

Answer 6

Most people buy mutual funds through their 401k plan.  You can buy mutual funds directly through the mutual fund company.  If you do that, there might not be a buy and sell fee which will allow you to put in small amounts (like under $1,000) at a time without it cutting into your profits.

There are generally three ways they get paid (which is the reason why people make mutual funds). Mutual funds can be front loaded (they take a percentage of money up front), they can be back loaded (they take a percentage when you sell) or they are no load (they take a percentage of your stake every year). Loaded funds may charge an annual fee too, but that fee is very low compared to the fees no loaded funds charge.

Between the three types, most advisers pick no load funds.

http://biz.yahoo.com/funds/ir_mf2.html

Answer 7

There is a Mutual Funds dedicated site called http://www.indianmutualfunds.page.tl.  It will helps you.