These magazines generally have lists of mutual fund companies that have performed well in the past. The larger mutual fund companies also have their own Web sites where you can examine the prospectus. You can also get the prospectus by calling the individual company's 800 numbers. Once you decide on a fund call the company's 800 number again and they can give you the information you need to buy into the fund. Investment opportunities for beginners Mutual funds are the best investment for beginners, Mun said.
Mutual funds are simply a type of investment that pools together thousands of people's money.
A fund manager takes that money and invests it in a diverse grouping of stocks, bonds or money market instruments. Mun said mutual funds are the best option for beginning investors because a fund manager pays attention to the market and has more expertise than the average investor. Mun said these accounts are best when you have money you want ot keep safe and you're not sure on how or where to invest it. The advantage of these accounts is that they perform better than savings accounts and therefore keep your money growing at a rate higher than inflation. Kobliner states that in her experience, money market funds are less risky than stock or bond funds.