Tuesday, September 2, 2008

How to Locate a Mutual Funds Tutorial

So, you've decided you want to invest in a mutual fund. Now you're wondering how to begin. Before you drop a big chunk of your hard-earned cash into a mutual fund you may know little or nothing about, consider looking into an introduction to mutual funds. It's easy to locate tutorials that will teach you all you ever wanted to know and more about mutual funds. All you need is a good search engine and a little perseverance.

Find a comfortable chair and a computer with Internet access.

Visit a search engine and type in terms such as mutual fund tutorial, what is a mutual fund or mutual funds beginners.

Check out the URLs, or Web addresses, of the sites that come up in the search engine. Ask yourself if it is an independent site, if it is owned by a mutual fund brokerage or a company with a personal interest in which funds you might choose.

Select the URL that most appeals to you. For example, the Investopedia site (a link to which can be found in the Resources section below) has good tutorials on mutual funds as well as other investing options. Use your mouse to left-click on the hyperlinks (blue text) in the search engine. You can also right-click on a hyperlink and choose to open the link in a new window.

Sit back and read through the tutorial. If it is too difficult or not elaborate enough, work your way down through the available selections.

Tips & Warnings

  • Read just one or two tutorials at a time. It is easy to get overwhelmed with the amount of information available, and different tutorials may offer different advice. Take some time to process the tutorial before jumping ahead to another one.
  • Tutorials from a trusted investment source will be more reliable than those from an independent source. Remember, you don't need any credentials to post a site on the Web.
  • Remember advice is just that: advice. Do not take on any risk or investments with which you feel uncomfortable. Do not let anyone pressure you into high-cost load funds that will end up making you less money overall.

1 comment:

Mel and Stacy Marten said...

A trusted investment advisor is your best teacher on mutual funds. You can find a financial advisor at http://www.claroconnect.com or http://www.wealthpairing.com who can help. A fee-based advisor can help you with most funds without steering you to ones with upfront commissions.