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    peteleonora's Avatar
    peteleonora Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 21, 2008, 08:35 AM
    Make me understand in laymans english what is mutual fund investment?
    I have no clue about investments.I want to know how much and where to invest as a start.

    If someone could kindly help me in knowing and understanding of investmenst , it would be great.

    Thanks
    Leonora
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 21, 2008, 09:32 AM
    A mutual fund is a fund that invests in a type of investment. Instead of you as an individual buying 100 shares of AT&T, you might invest in a Telecommunication mutual fund which invests in AT&T, Verizon, Sprint, etc.

    Understanding the world of investments is beyond the scope of this forum. The Dummies series of books have several titles for investors:

    Amazon.com: Investing for dummies

    You might consider getting one or more of them.

    P.S. I moved the other reply (and removed your response) some people don't read the instructions on how to post.
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