Quick Investment News: Invest in Scudder Mutual Funds

DWS Scudder, a division of Deutsche Bank, offers a wide variety of mutual funds that span the globe. Follow these steps to invest in them.

Invest in Scudder Mutual Funds

Review the investment basics. DWS Scudder offers access to Morningstar's glossary of investment terms on its Web site (see the Resources section below). This glossary will help keep you sharp and informed.

Enroll in a class. Scudder also offers access to Morningstar's Investing Classroom, which hosts brief online courses for investors on every level.

Know your goals. Not all mutual fund's are created equal; some funds focus on building toward retirement, whereas others are designed to generate income now. Having clear goals will help you choose the appropriate fund.

Consider risk. Scudder mutual funds vary from the secure to the adventurous. Remember, the FDIC does not insure investments in mutual funds, so you can lose any money you put into them.

Consider fees. Investors may have to pay a 2 percent early redemption fee. Be willing to let your money sit for at least 60 days.

Gain without pain. Scudder mutual funds have no loads, which means you do not have to pay commission on your gains.

Read the prospectus before you invest. This details the fund's objectives, risks and achievements. You can access all prospectuses on DWS Scudder's Web site.

Download the application to open an account. Fill it out and mail it with your initial investment to DWS Scudder.

Expect a reply with an account number from Scudder within 1 business day of receiving your investment. Use this number to register your account online.

Monitor your fund's performance. DWS Scudder posts daily performances on its Web site. This will help you manage your account.

Ask questions. If anything is unclear or if your fund's performance is bothersome, call the DWS Scudder hotline at (800) 728-3337 for free financial assistance.