Is easy to invest in mutual funds?

Is it easy to invest in mutual funds? I find it very difficult to understand. I will get into college in 2009 and I will like to invest. I put like 6000 for 6 years in vanguard, is that good idea?

The idea of mutual funds is for those investor who want to have a piece of mind. If you want to invest your money so that you can used it for your school fee, I would recommend those funds which are invest in the stock market. These type of funds are high risk, better return.

Vanguard has lots of funds, so it would depend on what fund you put your money into. They are a large and reputable organization. Many of their funds are rated very highly, but some are mediocre.

Yes! It's very easy to invest. Try in best company's funds like Reliance Power Sector, Kotak 30 Growth, Principal Tax Saving. Do your best investment in Growth option. If you invest in current, you will get three times of your investment after 3 years than bank. Investment in Mutual fund is less risky than share and getting high return than Bank. Keep processing your investment at the earliest. Don't be late be fast.

If you are going to enter college in 2 years, won't you be needing the $6000 then rather than in 6 years when you will have finished college? 6 years is about the minimum time to consider investing in a mutual fund. 2 years is much too short a time.

To answer your specific question Vanguard is on the internet. You can go to their site, set up an account and either set up a direct transfer from your bank account or mail them a check. It is that simple. My favorite Vanguard fund is the Global Equity Fund. Better than average return.

https://personal.vanguard.com/VGApp/hnw/...

Hopefully you put the money into low-risk funds if it is for a short term. Since we may be heading for a recession, now is not a good time especially if college is only 2 years away. If the investment is long term, like the 6 years you mentioned, that is fine and higher risk is fine too. If you put large sums in, try not to do it at one time. For example, if you have $10,000 to invest, invest $1000 over 10 months. This can catch the lows of the market. What if you put 10,000 in one month and the market drops 20% in one week? You would be $2000 down within one month!
I would also recommend the Vanguard 500 index fund(VFINX). It has very low fees and good long term performance!
Continue to add monthly to your fund and never touch it. You will be very rich some day!