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Any good mutual fund ideas, i want to get one but need help, do you know any good ones. thanks?


Any good mutual fund ideas, i want to get one but need help, do you know any good ones. thanks?

That all depends on your needs. If you don't need to touch money for a while, put more towards higher growth international funds and equity/stock funds etc.. If you need your money to be in something safer because you need the money within the next few years, consider more solid and less risky funds such as bond or income funds.

Notice how I say "more towards"? Basically a mix of mutual funds are your best bet. But that might mean a lot of work such as buying many different funds, and then adjusting this by selling and buying new funds or in different proportions. Consider a mutual fund with a "goal year." As an example, my local bank (Canadian one)

http://morningstar.scotiabank.com/global...

This fund invests in high growth, higher risk investments allowing for more growth earlier. As it approaches the goal year (2030), the investments are switched into something more conservative and safer there by protecting the gains throughout the years. I think this kind of mutual fund would benefit you the most. 1) It keeps track of investments. 2) They are well balanced. 3) They keep a goal in mind which matched each person.
If your willing to invest in a mutual fund such as these ask yourself
1) When do I/think I will take out this money?
2) What is my risk tolerance (notice that my bank offers "Agressive" and "Conservative" funds for each goal year.

Where do you start? Ask your local financial instituions. They are probably more than willing to help. Once your given different options by different financial institutions, look at MER% or management fees. Even if a mutual fund's investments do well, those gains maybe eaten by these management fees and there by reducing your gains.

Hope this helps! Good luck!

there are business magazines out every few months that rate all the 1000's of mutual funds - check your library

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