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"At your age, I'm sure you don't want to hear this, but…Do you homework."
Here are important things to learn about your mutual fund…before you invest.
- Read the prospectus.
- Professional mutual fund management lends expertise and oversight, but it is not a guarantee.
- Know the objective of your fund and understand how much risk it exposes you to.
- Get independent input about the track record and quality of your fund.
- All mutual funds charge fees, even no-load funds. Make sure you know what you're paying for.
- Choose wisely and expect to stick with it through a few ups and downs.
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