Whether you're investing in the market to reach short-term or long-term financial goals, mutual funds are one of the safest high-return investments. Choosing Value Line Mutual Funds will allow you to take control of your financial future without risking all of your savings.
Get to Know Your Company
Take advantage of the available information before you invest. Value Line prides itself on having up-to-the-minute financial information available, so be sure to read the prospectus carefully.
Know your options. Value Line offers 12 different mutual funds that vary from equity to fixed income to money market funds.
Determine Your Financial Goals
Decide what you hope to gain by investing in mutual funds. Some people invest to save for the short-term goals like paying for a wedding, while others invest for a long-term purpose like retirement.
Know how much you can afford to invest. Mutual funds are considered a low-risk investment, as the financial portfolio is carefully researched and maintained to ensure diversity. However, there is always some level of risk, so only invest what you can truly afford.
Enlist the advice of a trusted accountant. Although it's a good bet to invest in no-load mutual funds on your own, it's also important to understand whether the tax implications will affect your mutual fund's overall performance.
Make the Investment
Log on to a computer with Internet access and visit Value Line's mutual funds Web page.
Read the information provided. Note the companies involved in each fund and the level of risk compared with the level of return.
Narrow down the selection of funds to those that you are interested in. Remember, you are trying to find the mutual fund that best serves your personal financial objectives.
Contact Value Line and speak with a representative about opening an account.
Use your account to invest in the mutual fund that you've chosen.
- Get to know the companies represented in your mutual fund. When investing in a fund with a diverse portfolio (the cornerstone of lowering an investment's risk), it's important for you to know which companies your mutual fund supports.
- Consider security when submitting personal information online. If the padlock icon does not appear in the lower right-hand corner of your screen, your personal information could be viewed by another party.
No comments:
Post a Comment