Expert: Dr. Joseph de Beauchamp - 7/3/2006

Question
Hello,
 I am a twenty five year old who is looking to invest with very little money.  I do not know where to start nor do I know what company to invest my money.  My ultimate goal is to be able to retire at an early age along with having my 401k to supplement my income.  So my question is, how do I get started?  Who do I invest in? And how much should I invest?  I have been doing some research but I do not know the difference between an IRA, Mutual Fund etc....Please help! Thanks.

Answer
Waguele,

Usually the best is to go to the public library. This is free. Read all of the Valueline and the Moringstar. For most people, the best resource is to choose a good solid mutual fund. I recommend that you read through the mutual fund, and this is the better place to be. Try an international fund, such as the Fidelity fund group. I never recommend a person to buy fewer than 10 stocks and therefore 99% of the population is better off in the mutual funds. Most good funds out perform the market anyway.

Dr. Joseph deBeauchamp