Who gives higher returns of interest Banks or Investment companies when it comes to mutual funds?
July 11th, 2010
Who’s going to give the best return in Mutual Funds, a bank or an investment company? Who’s less likely to have all the fees that come along with me investing in mutual funds?
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Banks and Insurance Company’s are the worst places for investment products (poor advice, mediocre and expensive products).
First off…. read Mutual Funds For Dummy’s.
It will teach you all about *no-load / low fee Mutual Funds that you can buy directly from the company.
Great Mutual Fund companies are;
T. Rowe Price
Vanguard
Dodge & Cox
There are 100’s more…………………………………………………..
* no-load means no commssion
This stuff is easier than it looks. You can do well on your own.
Mutual funds can be rated on their strengths and return by going to
http://www.morningstar.com
Each fund will list your management fee and load (up front fee) if any.
Every bank and brokerage house can put you in ANY fund that you want. It might be cheaper through one company/bank compared to another. Just tell them which funds you would like and stick to your choice (don’t let them sell you)
Good luck!