Mutual Funds, Who Handles Yours?

[TurboDANDEE]

i'm currently interested in starting a mutual fund account and deposit money in it monthly. For people who have similar accounts, who handles/manage your money? I'm a noob at this and i dont feel comfortable handling my own account and i'm thinking about approaching such places as Charles Schwab. Any thoughts or helpful tips on this?

[axio]

I use Fidelity, ING, and Schwab.

Go with Fidelity. Ultra low cost and extremely low cost. Stick with indexes as the core, build your riskier mutual funds around it.

[TurboDANDEE]

Man thanks for all your help with everything, i'll look into it.

[Gunz4Sale]

usaa

[danny]

I use Fidelity, ING, and Schwab.

Go with Fidelity. Ultra low cost and extremely low cost. Stick with indexes as the core, build your riskier mutual funds around it.

same for me minus schwab

[RACER X]

fidelity

[Kohinoor]

oppenheimer, schwab

[TurboDANDEE]

I need an investment firm that will allow me to open up with minimum of $1000 cause thats all i have to spend right now. Fidelity requires $2,500 minimum and i'm not even sure how much with ING cause i cant find it on the site.

Schwab only requires $1000

[Flores]

etrade will let you buy into to any fund they carry. Look into it.

[axio]

I need an investment firm that will allow me to open up with minimum of $1000 cause thats all i have to spend right now. Fidelity requires $2,500 minimum and i'm not even sure how much with ING cause i cant find it on the site.

Schwab only requires $1000
ING: http://www.ingfunds.com/investor/default.aspx (Keep in mind that practically everything they have is a front load fund, they will take about 2.5% upfront)

Try Morningstar's fund selector: http://screen.morningstar.com/FundSelector.html
1) Click Set Criteria
2) Under cost and purchase, in the "Minimum initial purchase less than or equal to" pick 1,000
3) Under "Ratings and Risk" check only 4 and 5 star
4) Pick other criteria you'd want (do you want it to beat the S&P500, etc)
5) Research every fund that interests you. I recommend finance.yahoo.com and morningstar.com. finance.google.com is good also, but I like yahoo's better for research. Just a personal pref.

Start reading up on all of the results

[jsEM16]

you looking into a retirement or just investment ? most retirement (IRA) only requires $1k to open a fund. yes, i recommend Fidelity as well , b/c low cost, good customer service, and wide selection of funds. as a starter, stick with index funds only - they track the market but dont aim to beat it, passive mangagment means low maintenance fees

[Slim ThuG]

Smith Barney

[TurboDANDEE]

mostly investment, i'm trying to pay off my 20k school loan in about 10 years

[tigerx2000tx]

Tiaa-Cref for mine.

[NisAznMonk]

Check out your bank to see if they have something available for you. I have Chase do my stuff, and have it set up where they move money from my savings to my investments once a month. I picked Chase because I already had an account with them, and it was just easier to go to one place for everything.

[Mr. MCoupe]

Fidelity, Vanguard, Andy

[cabajaba]

http://www.nylim.com/mainstayfunds

Mainstay

minimum is 500 dollars or 50/month Draft

[Chorizo]

jpmorgan

[azinwood]

i like fidelity. work used to use them and i opened up a personal acct after we moved 401k stuff.

[TurboDANDEE]

cool thanks, fidelity seems to be popular, i got a lot of research ahead of me

[HKS_ECLIPSE]

my mom. she is a CFP/ Trust officer for Wells Fargo