Conclusion for "Mutual Fund Investing"

Conclusion for "Mutual Fund Investing"

By now we've come to the end of the tape and I hope you've become familiar with how to select and use mutual funds.

You still can learn a lot more from other books and magazines, but after a point, you'll probably want to just jump in and start investing in mutual funds.

The best way to invest with mutual funds is through a retirement account like an IRA, so listen to my tape on retirement planning if you need help here.

If you're just starting out, try to find a good fund with a fairly low minimum investment and just invest a little money -- maybe $1,000. See how you react to the fund's ups and down with only a little capital at stake.

Mutual funds are more complex than a bank account, but they're also much more powerful, especially for long-term financial planning.

To help you learn about funds, I'd recommend that you listen to this tape several times. You'll pick up new information with each listening.

So good luck with your mutual fund investing, and remember to check the luhman.org web site and our other audio products for more useful information about mutual funds and other financial services.