Investing in Westcore mutual funds is a way for you to get involved in the financial world without putting all of your eggs in one basket. The diversity offered by a mutual fund limits your risk and increases the probability of returns, making these funds a popular investment choice for beginners and experts alike.
Determine Your Financial Goals
Study all of the available options to find the mutual fund appropriate for your needs. Westcore Funds offers 12 different mutual funds that vary levels of risk and return.
Determine whether you are investing to meet short- or long-term goals. Use your financial calculator to determine how soon you need to invest in order to achieve your financial objectives.
Investigate the fees and tax implications associated with each mutual fund and consider how these extra costs will affect your rate of return. If the outcome doesn't mesh with your financial goals, consider a different fund.
Decide on the amount of money you can afford to invest. Although mutual funds are considered a low-risk investment, there is always some level of risk in investing.
Make the Investment
Visit the Westcore Funds homepage to research mutual funds and invest.
Register with the site. Signing up will make navigating easy and will be required once you are ready to invest.
Go to the "Mutual Funds" page and find the list of the different funds offered. Narrow down your choices based on your personal financial objectives.
Read the prospectus for each of your final fund choices. You should study all of the details in terms of fees and overall account information.
Pick the mutual fund that best matches up with your financial objectives.
Download and fill out the investment forms. Sign the forms and send them to Westcore to complete the transaction.
- Stay current with the securities that make up your portfolio. If one security is under-performing, it should eventually be swapped out for a more lucrative company.
- When you investigate a fund's past performance, note its volatility. If you're trying to meet short-term goals, you may be better off with a more stable fund.
- Diversify your investments. Although mutual funds have proven to be one the safest forms of investments, nothing is ever certain. It's important that you have a balanced investment portfolio that doesn't rely exclusively on mutual funds.
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