Expert: Docs99 Date: 1/22/2007 Subject: Getting Started
Question I am a 17 year old hoping to invest about $2000 dollars in a mutual fund. I wouldn’t plan on taking it out until retirement, somewhere around year 2045 or 2050. From what I understand, it would be benificial to me to choose a fund with higher risks, since I have the time to weather the markets ups and downs. Correct? Also, how and where do I get started? There are so many mutual funds out there, how do I narrow it down? Any information and advice will be much appreciated.
-Sam
Answer It is great to think on saving for the future. You may want to sit down and have a good chat with your parents and their tax advisor, cpa or attorney. Also, you may bring to the meeting a duly licensed registered rep. So that you can make an educated decision and be able to narrow down your choices.
Good luck.
