But Business Week pioneered sophisticated mutual fund coverage for the average investor, and its mutual fund corner gives a vast range of information. Right on the Money meets with Jim Leinfelder, who's interested in getting started, and talks with experts to help Jim map out an investment strategy. A lot of people get intimidated when it comes to picking the right mutual fund for them. Following these basic steps, however, can help you become a more intelligent investor. Do as much research as you can - books, magazines, Web sites, and prospectuses of potential funds are all good sources of information.
Diversification is important.
In a down market, spreading out your assets will offer some protection. Know your objectives, time frame, and risk tolerance. These will help you plan out a sound strategy. Not all funds are created equal - cost, the fund manager, and portfolio turnover are all important considrations. The most important thing, I think, is to do good research.