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I have a mutual fund (Smith Barney) & I'm new at all this.Is this a pretty good one to at least start with?


I have a mutual fund (Smith Barney) & I'm new at all this.Is this a pretty good one to at least start with?

Most of the mutual funds from big names firms are overpriced and underperform. Check out the performance and fees from the fund you bought with its peers. You could use the fund comparison tool at Vanguard.com or one of many discount brokers. I bet you find that Smith Barney takes a big chunk of your investment as fees and commissions and underperforms as well.

read bobbrinker.com website for more unbiased views on investing and no load mutual funds. Also Growth Fund Research Inc. has an incredible recent track record in mutual fund advisory. NO LOADS>

You have a mutual fund WITH Smith Barney. They are a very reputable firm. You should do your homework before you invest the next time.

Smith Barney is a company with many, many different mutual funds. What you need to do is talk to an advisor at Smith Barney concerning the types of mutual funds they have - the best for you depends on lots of factors about your own life, like your age and whether and how long you plan to work.

I'm not qualified to give advice (meaning I don't have any professional licensing) - that's why you need to talk to a Smith Barney advisor on their customer service desk. This means you shouldn't listen to anyone else who replies here either.

Having said that, though, there is GENERAL advice you can get online. Try www.motleyfool.com, a well-regarded but still accessible and even fun website where you can get educated about your money.

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