I am going to start investing in mutual funds by investing about 00 a month. I thought about investing in Vanguard since they have low expenses. I also have a scottrade online broker account and I’ve heard that there is a way to just buy Vanguard mutual funds from there instead of opening an account directly with Vanguard. I guess the benefit of going through Scottrade is that I can always buy different funds not in Vanguard family but a negative would be that I would have to pay a fee each time that I invest money each month. Anyone have an opinion of what I should do? Thanks a lot!
-
How should I invest in mutual funds?
engineer50 7:58 am on February 3, 2010
If you want Vanguard funds, open an account with Vanguard directly. Easier and cheaper than going thru a broker.
Donald B 7:58 am on February 3, 2010
First off, in my humble opinion, there are better investments than mutual funds.
About 75% of all mutual funds underperform the market. Most of them have a management fee between 1% and 2%. Many of them have sales loads.
Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
.com
They have a DRIP Section and it is free.
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
I strongly recommend looking into it. They are great plans.
Good Luck
YouAsked4it 7:58 am on February 3, 2010
From my experience as a tax accountant (doing other peoples’ tax returns), I believe Colonial First State is one of the best performing fund managers in Australia.
Sateesh Kumar 7:58 am on February 3, 2010
Dear Friend
This is S2 Stock Predicta (s2sp), Karnataka. Considering the volatality and the day traders confused state of mind, We have launched a website http://www.s2sp.co.in , in which we provide predicted best selling and best buying price for all stocks listed in BSE and NSE and list of companies suitable for day trading with potential earning everyday after 8 PM for next days market. The forecasted prises are with in the limits of Actual High and low upto 70-75% accuracy. We have launched this service in karnataka on 14th Dec 2007 and provided service to customers via phone and we found the response was good and the necessity of this service was understood. Responding to this demand we have launched the web site to serve more people. Customers can access for free samples everyday and can subscribe for full acess.
Regards
S2 Stock Predicta
http://www.s2sp.co.in