Comments on: New to investment, how to tell types of mutual funds? http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/ Thu, 09 Feb 2012 00:24:06 -0800 http://wordpress.org/?v=2.8.5.2 hourly 1 By: Investing Bob http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/comment-page-1/#comment-25614 Investing Bob Wed, 10 Feb 2010 06:59:45 +0000 http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/#comment-25614 Try the yahoo mutual fund screen. Try the yahoo mutual fund screen.

]]> By: Jim L http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/comment-page-1/#comment-25615 Jim L Wed, 10 Feb 2010 06:59:45 +0000 http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/#comment-25615 Most funds list a description when you look it up using the symbol. Or else go to the company's website - there will be a description of each fund, what type it is, the recent performance and the relative risk. Most funds list a description when you look it up using the symbol. Or else go to the company’s website – there will be a description of each fund, what type it is, the recent performance and the relative risk.

]]> By: Common Sense http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/comment-page-1/#comment-25613 Common Sense Wed, 10 Feb 2010 06:59:42 +0000 http://investing.hirby.com/new-to-investment-how-to-tell-types-of-mutual-funds/#comment-25613 Read: Mutual Funds For Dummies It's your best bet as a good intro to Mutual Funds. After you have a basic understanding.... you'll need to create an "asset allocation" model for yourself. The book will cover that. As far as research is concerned. Many brokers have free research on their web sites (Best research for Mutual Funds would be Charles Schwab & Fidelity Investments). I like MorningStar.com the best..... but that's $150 a year. Last thoughts; Don't chase the hot fund of last year..... many times they turn out to the loser of the current year. A good "asset allocation" is more important than picking the "best" funds. Understand your own risk tolerance. I lost over 50% in some of my funds in 2008. In 2009 they were my best performing funds. The important lesson: I did not get scared out of them... because I understood what the risks were and what I had invested in. Try to only buy no load, low fee funds. Good luck! Read:
Mutual Funds For Dummies

It’s your best bet as a good intro to Mutual Funds.

After you have a basic understanding…. you’ll need to create an "asset allocation" model for yourself. The book will cover that.

As far as research is concerned. Many brokers have free research on their web sites (Best research for Mutual Funds would be Charles Schwab & Fidelity Investments). I like MorningStar.com the best….. but that’s $150 a year.

Last thoughts;
Don’t chase the hot fund of last year….. many times they turn out to the loser of the current year.
A good "asset allocation" is more important than picking the "best" funds.
Understand your own risk tolerance. I lost over 50% in some of my funds in 2008. In 2009 they were my best performing funds. The important lesson: I did not get scared out of them… because I understood what the risks were and what I had invested in.

Try to only buy no load, low fee funds.

Good luck!

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