They offered not just the expected broad, esoteric advice that fills so many investment magazines, but the also offered some specific advice that will get your dollars on the path to earning you more money. Meyers is a licensed CPA with an MBA from Dartmouth College. I believe it is as important to be financially fit as it is to be physically fit. She said that investing in three to six well-selected mutual funds with different financial objectives is the best way to get started. She also emphasized choosing investments with the proper level of risk for your age and situation but warned that risk works both ways.
People talk about risk in the stock market.
Yes, there is risk. Different mutual funds have different levels of risk. The proper mix of mutual funds should give you the diversification you are looking for with a comfortable level of risk for your individual situation. First, spend less than you earn. Since the companies in which they invest are determined by the index rather than by a highly-paid portfolio manager, the fees involved are low.