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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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I am looking to invest in some mutual funds. I would prefer longer term mutual funds, maybe a growth fund. I plan on keeping the investment for oh 5 to 8 years. I can take some risk. I am looking to invest about $5,000 in this fund. Should I find a mutual fund that is investing in mostly stocks or bonds? If you have any suggestions or sites that I can look into please let me know. Thanks!
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If you ask 10 people in what to invest you will get 10 different answers. At the end you should do your own research, before investing it.
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Before making a mutual fund purchase, review your account statements and those of your family to find amounts of investments in a particular mutual fund or family of funds to see if these transactions can be combined to obtain a breakpoint discount. Don't limit your review to accounts at a single securities firm. You may have related mutual fund holdings in accounts at other securities firms or with the mutual fund company itself that can help you reach a breakpoint discount.
After you purchase a mutual fund with a front-end sales load, check your account statements to make sure you received the appropriate discount. If you didn't get the right breakpoint discount, immediately contact your broker. Moreover prior to investing on a mutual fund it is always advisable that you go into some market research.Every functional unit in the investment sector will promote their business.What matters here is the offer document that is provided to you at the time of the deal.Always remember that Mutual Fund Investments are subjected to Market Risks,hence it is important that you read the offer document carefully before you invest.If possible take the help of a financial adviser,may be that will help you to understand things in a clear perspective.
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Thank you. I am just beginning my search and I'm just looking around. In the end I will do the research I just wanted to get some suggestions before I start stepping out into the murky water. Any other suggestions would be great. Thanks!
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