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Mutual Funds/choosing the right place to invest

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Question
Currently we have our money in a mutual fund through our bank.  They seem to take a lot of money for the work they do.  How do you find the best place to invest your money.  Looking for the best return for the least fees.

Answer
The simple answer: the Vanguard Group in Valley Forge, Pa.

It's owned by its investors. So there are no intermediaries grabbing your money.

It's no-load. Not sold by salespeople who get commissions.

Result: very low fees.

Also, it emphasizes index funds--well diversified, low cost.

Finally, it's a very ethical organization. It will close a fund if too much money is coming in. It will and HAS warned investors if a sector is becoming overvalued.

One of my favorite Vanguard funds is: Vanguard Wellesley Income. Around 40% in (conservative) stocks.

Good luck!

WB  

Mutual Funds

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Warren Boroson

Expertise

Author of "Keys to Investing in Mutual Funds" (Barrons), "Ultimate Mutual Fund Guide" (Probus), "How to Pick Stocks Like Warren Buffett" (JKLasser), and "The Reverse Mortgage Advantage" (McGraw-Hill). Former financial columnist for Gannett News Service.

Experience

Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD) about mutual funds and a newsletter, FundDigest.

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