How to Invest in Van Eck Mutual Funds
Decide upon the overall point of your investment. Is it for short-term income? Is it to establish growth for a long-term payoff such as retirement? Is it somewhere in between?
Tips & Warnings
- The Van Eck website has a wealth of information for the investor. Use the site to order not only your prospectus for each fund, but also fact sheets, brochures, research reports and financial reports.
- Know your initial thoughts on which mutual fund you're interested in before chatting with a Van Eck representative.
- If you want to test drive some mutual funds before you buy, you may want to check out Van Eck Associates's FastTrack Momentum Model, also known as FT4Web. This downloadable program lets you choose five funds and uses a combination of the funds' histories and speculative futures to help you determine which funds are best suited to you and when you should trade them.
- Do your own homework before you put your money anywhere.
- Some Van Eck mutual funds, such as the gold mining industry-based mutual fund, are specific in their focus. It's a good idea to know about this industry before investing in its fund.
- Be prepared to then remain knowledgeable about the focus of your chosen mutual fund so that you may continue to make smart decisions with or without the help of your broker.
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