Question by John W: Which investment company are the best to start mutual funds?
Hey,
I need some opinions/answer on which investment company is best for starting mutual funds.
Fidelity — Edward Jones– Vangruad Etc..
Time period: over 20 years will be invested
Which company has my interest first?
Who offers the best Return on Investment (ROI)
I am 21 years old which potentially 6 to 7 thousand to invest.
First time investor (remember I am 21)
Should I have two mutual funds: one with Fidelity and Vangraud?
Thanks
Best answer:
Answer by Blazenskyy.com
Edward Jones is really a brokerage or Financial company offering multiple products for commission or with sale fees. You can always buy Fidelity and Vanguard products at Edward Jones for a fee. I like using discount brokers such as TD Ameritrade, Charles Schwab, E-trade, etc since the fees are generally smaller. Smaller the fees means a higher probability on a higher return. Also look into ETF’s since the fees are small and they trade like stocks.
The first fund that is great to invest for the long term is the Vanguard total World stock fund ETF (VT) since it’s a diversified Index fund with most of the majority in the American markets: NASDAQ, NYSE and the American stock exchange. It pretty much holds all the World’s stock. You also hold European, Asia, Latin America, Canada and the emerging markets. It’s a great fund because Index funds especially the added Emerging Markets will give you a higher return than just investing in the USA and reduce your risk over time.
What do you think? Answer below!
