Today, those categories can number in the hundreds, depending on where you look. You can choose from sector funds, index funds, socially responsible funds, micro cap funds and dozens of other categories, many with exotic-sounding names. Even after you invest, your investment consultant should continue to work with you, helping to monitor your mutual fund portfolio. Just as many factors go into the decision to buy a mutual fund, there are also several issues to consider before you sell a fund. These are the types of questions that a qualified professional can help you answer as you make any needed changes to your mutual fund holdings.
Mutual funds can be excellent investments.
They offer diversification, professional management and the ability to meet a wide range of goals. With a clear understanding of your own needs, and with the help of a competent professional, you should be able to choose those funds that can help you meet your objectives for years to come.