- Mutual funds make it less costly for investors to diversify their assets across investment vehicles and open up new investment vehicles due to the size of the pooled money
- Mutual funds are generally speaking managed by professional money managers
- Minimum monetary requirements to start in mutual fund investing today are low
There are lots of mutual fund resources, ranging from mutual fund rankings to the latest mutual fund industry news.
There are many types of mutual funds with different investment strategies. Thus, when choosing a mutual fund, it's important to research the strategy and backgrounds of the fund to be sure that their goals for profit and risk management meet your standards and that the fees and costs associated with the fund are reasonable.
One of these resources is mfea.com (Mutual Fund Education Alliance web site). The site offers information on selecting a mutual fund, investing basics, mutual fund company links, mutual fund tools (such as calculators for investment goals), plus news and commentary.
Another resource is located at morningstar.com. Morningstar offers online fund investing education, performance information, ratings, tools, and discussion boards, among other things.
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