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As with any investment, you should do your research before you invest your hard-earned dollars. With Mutual Funds,
you will want to research the type and actual securities that the funds buys and also look at the track record
of the funds. You will also want to research the fees the fund charges and compare with other like-kind funds. Also,
how long has the management been in place and is the manager planning to retire?
For example, if you looking for a Large Cap Growth Mutual Fund, you should pull a comparision of like funds and
check their returns over a 5 year period - maybe 10 years. Take about the top 5 funds with the best returns
and then start to read up on them. Look at the stocks they currently hold, check the turnover rate, check the
expenses and fees and read the prospectus. From there you can probably narrow your search down to 1 or 2 that
you feel most comfortable with.
We have included many resources for your to learn more about: Mutual Fund Research:
Morningstar
Probably the leader in Mutual Fund Research. You may have to register to use their services. Many investors use this as their starting point for researching mutual funds. Their rating system is basically the industry standard. MSN Money In-Depth site to do extensive Research on Mutual Funds. TheStreet.com Research Research from theStreet.com on Mutual Funds. Download a wide variety of research reports on mutual funds and individual funds. Mutual Fund Education Alliance The Mutual Fund INVESTOR'S CENTER™ is designed to serve as an important resource for investors who want to use mutual funds to reach their financial goals. Here, you'll find largest collection of mutual fund companies, website links, fund listings and exclusive planning, tracking and monitoring tools available on the Internet. Yahoo Finance Mutual Funds Center - Fund Screener, Top Performers, Prospectus Finder and Message Boards. Mutual Fund Statistics Institute staff collect, compile, verify for accuracy, and release a wide range of statistics on approximately 8,000 U.S.-based mutual funds. The Institute also collects data on U.S.-based closed-end funds, exchange-traded funds, and unit investment trusts, as well as foreign open-end investment companies in conjunction with investment company industry associations around the world.
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