• muncie birder 10:43 pm on August 31, 2010

    The first thing you have to do is to decide on which ones to invest in. There are several companies that have a wide variety of no load mutual funds. Check out the web sites for T Rowe Price, Vanguard, Royce Funds, and Fidelity. They all have some very good no load mutual funds. After you decide, follow the advice of the 1st responder. However, there is an additional class of no load mutual funds that you should become aware of. They are called ETF’s or exchange traded funds. Because they are traded like stocks they can sometimes be picked up at a steep discount to net assets, as much as 15% and even more. It is like buying stocks on sale. There are also a very large number of index funds traded as ETF’s–hundreds. Here is a link to check all of these out. To buy these you have to have a brokerage account. Scottrade is very reasonable.

    http://www.etfconnect.com/

  • markrecktenwald 10:43 pm on August 31, 2010

    Go to their web site and read the prospectus. You can request to have a paper copy of the prospectus mailed to you or download a PDF. Paper or PDF copies of the prospectus will contain an application which you fill out and send back to them with a check. Some funds will let you apply online and then mail in a check.