Instructions
Things You'll Need
- A computer with a high-speed connection to the Internet
- Time to research all your options
- Access to a library
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- 1 Define your financial goals first. Before you even seek advice, it's a good thing to know what your major objectives are. Saving for retirement and amassing capital for a business require different strategies-and probably different mutual funds.
- 2 Take a trip to the library. Once you've found out wy you want to invest, it's time to head to your local branch for books that will show you exactly how to invest in mutual funds.
- 3 Read and understand as much of these books as you can. They are terrific step-by-step sources that were designed with people like you as their target audience. Don't just rush through to finish them; you'll need to understand the concepts or the process can become frustrating.
- 4 Surf the Web for more detailed information. Once you know the basics, try the Motley Fool Web site, The Investment FAQ and the Web sites for industry magazines and newspapers for more particular information. Some of these Web sites are listed in Resources below. Don't forget to take notes or bookmark the sites.
- 5 Query your social circle. Chances are there are others who have recently researched or invested in mutual funds. By comparing and contrasting their views, you'll get a better idea of what direction makes sense for you.
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