TotalFin.com: Mutual Funds

Mutual Funds

A Mutual Fund is generally a professionally managed pool of money from a group of investors. A mutual fund manager invests your funds in securities, including stocks and bonds, money market instruments or some combination and decides the best time to buy and sell. By pooling your resources with other investors in a mutual fund, you can diversify even a small investment over a wide spectrum, which should reduce risk.

There are many types of mutual funds with varying degrees of risk. Most mutual funds charge fees, and you often pay income tax on your profits. Tax rules can be complicated, requiring professional advice.

Basics

Understanding Mutual Funds

Funds 101 - For the New Investor
(Brill's Mutual Funds Interactive)

Getting Started: Investing with Mutual Funds
(T. Rowe Price)

Getting Started: Mutual Funds
(CBSMarketWatch)

Mutual Fund Basics
(Massachusetts)

Mutual Funds Made Simple

Glossary of Terms

Fund Families

United States

Canada

Prospectuses