This can be an unwelcome tax burden come spring. It goes up when the value of the fund's holdings increase in value and drops when the holdings lose their value. The NAV is determined at the close of trading and is the price listed in the newspaper or online as a mutual fund share price. Given all the recent hype, mutual funds may seem like a recent invention, but the first fund actually dates back to 1924, when the Massachusetts Investors Trust was founded in Boston. The site offers current rankings of funds by yearly return or objective.
Some areas are free, but premium services require a yearly subscriber fee.
Mutual Fund Investor's Center Get the basics of funds, including how they work and the power of automatic investing. Also, there's a solid primer on the often confusing tax issues surrounding ownership of mutual funds. Start investing now. Wait until 30 to invest the same amount for 30 years, and end up with less than half that. You do the math.