Replying to Mutual Fund Advice
I want to start investing my money. I don't have much (I'm comfortable investing about $1000), but I figure if nothing else it will help me gain some invaluable knowledge. From what I've read, pretty much the only way to go with the small amount of capital I have is mutual funds as they typically offer low minimums and are moderately diversified. I'm not looking to get rich quick, I want to build this money at a stable rate where I can easily reinvest the profits.
I know some of you NSers have a decent amount of experience investing, so I want some advice on which mutual fund to go with. I'm looking for one where $1000 meets the minimum and I'm not going to get totally hammered with management fees. With all my details in mind, what would you recommend? Even if it's a link to a website that will teach me more or allow me to compare mutual funds, I would be stoked.
inb4 Summer NS destroys all hope for an intelligent conversation about investing.
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