Expert: Dr. Joseph de Beauchamp - 5/31/2005

Question
Hi, I was hoping you could help me.  I'm 23, about to start working for the first time (I'm disabled) and in college, and I've been thinking lately about mu future.  I've just finished a Personal Finance course, so I know a little about investing, and I think mutual funds may be the right investments for me.  Can you give me some advice to ponder while I save up to invest?  Thank you kindly.

Answer
http://www.morningstar.com/Cover/Funds.html?topnav=funds

or

http://wfnn.info

These site have recommended funds and reviewed. These are free sites, and do not sell funds. Objective reviews are important here.

Doing a small amound from your checking account, say about $25 per month, would be a good and long term start. I would recommend a large international fund that has many different countries invested. Research shows the wider the selection reduces risk and actually increases the return for the investor.

Dr. Joseph de Beauchamp