Invest in mutual funds simple!
71Start investing in mutual funds
I have had a number of people ask me how to start investing in the stock market. Many simply want a road map to invest with out any vagaries. I have seen a lot of articles and heard a number of experts on this subject blab about vagaries on how to get started. This article is tells you just how to start investing if you are beginning investor. I am in no way being compensated by the fund recommended and yes I own this fund!
If you want to just start investing here it is step by step read on.
Grow your money
Contact mutual fund company
Contact Royce mutual funds and set up a Roth IRA account. You can do this online or over the phone. My experience has been they have been very happy to help. Be sure to set up E-delivery of prospectus and reports otherwise they will charge you 12 dollars a year for your account (custodial fees).
In my opinion this is the simplest way to get started investing in the United States stock market.
Invest in the Royce Low Price Stock Fund symbol RYLPX. I have owned this fund for years and I am glad I did. The Fund manager Whitney George has been with Royce for 18 years and has done a great job year in and year out.
Make regular contributions to your account.
Take some time to learn about investing. The more you learn the more you can earn.
The advice in this article is my opinion. As you get comfortable with investing and accrue more money you will want to invest in other methods and diversify.
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