I talked to someone about them, and they said are a bad investment and that there is no to be made in them. But I think their opinion is one sided because their husband invests in Forex and makes good in it. I figured if you want to easily spread your investment into different and stuff, and that it is a no load fund and its got a history of a pretty good return, then it would be a good investment. Right? So I guess my question is, are a good investment?

 

  • El Guapo 8:07 pm on August 20, 2010

    Short answer – yes. For LONG-TERM (5+ years) investing, mutual funds are a great way to go. They are diversified, very liquid (easy to put money in and take money out), convenient (you can set up automatic monthly investments from your bank account), and highly customized – there are hundreds of different types of funds to choose from.

    Be sure you go with a solid, low-cost fund family that has many good quality funds to choose from. Along these lines, my favorites are T. Rowe Price, Fidelity, and Vanguard.

    I hope that helps.

  • Mr L 8:07 pm on August 20, 2010

    there are good mutual funds and bad mutual funds.It all depends on your risk appetite.

    Consult a financial adviser and get proper advise before you invest any money.

  • jlf 8:07 pm on August 20, 2010

    Yes, they can be good for long-term investing aims. What "someone" told you is just their opinion. Forex is high risk trading.

  • exactduke 8:07 pm on August 20, 2010

    But I think their opinion is one sided because their husband invests in Forex

    I think your analysis of this comment is correct. The market has been struggling of late, but they (mutual funds) are a good long term investment. Check out VTSMX – Vanguard’s Total Market Index. Also Vanguard has many target date retirement funds or balanced funds.

    Fidelity and TR Price are also excellent mutual fund companies. I have investments with all three.

  • Timothy C. Schewe 8:07 pm on August 20, 2010

    It has long been known that the best way to make money with mutual funds is to invest buy buying shares of the mutual fund company, ie: T.Rowe Price, Vanguard, Fidelity etc. rather than buying shares of any of their mutual funds.

    My advice; learn how to pick stocks well. That way you won’t have to pay outrageous fees to someone else to do it poorly.

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