Saturday, January 7, 2012

What Mutual Fund Would Be Good For Me?

Picking out a mutual fund can be almost as difficult as picking out your own stocks. You need to find one that charges fair fees and has a long term history of beating the market. If you are having a hard time finding one invest in SPY. SPY is an index fund. It is not actively managed so it has barely any fees whatsoever. It simply owns in equal quantities the S&P 500 stocks. So if the S&P 500 does well, so will your investment. Just set up an account with any online broker like scottrade, tradeking, tdameritrade, etc and then make an order to buy SPY. Ride it out for about 10 years and you will be far richer than you are today.

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