If you use an investment adviser, you will clearly have to pay for the advice through mutual-fund sales commissions or some other type of fee. But if you pick your own funds, make sure you stick with no-load mutual funds. In addition, check out other costs, especially a fund's annual expenses. Many people look at the track record first. But if you look purely at the track record, there's no indication that that predicts future performance.
Low cost is a better predictor.
And with money funds, it's everything. Inc. All Rights Reserved.