How Do You Invest In Mutual Funds Online?
It is very easy and convenient to invest in mutual funds online. Almost every mutual fund company today has online transaction facility. Their free service allows to manage and control all investment activities from your computer screen. The following steps will walk through the process of investing in mutual funds online. Choose the mutual fund company. There are several companies that sell mutual funds. Each company has its merits. You can check some of them in the resource section. Advantage with mutual fund companies is that they don’t charge any fee to buy/sell mutual funds. Brokerage companies do. Based on your investment amount you can choose to invest with multiple companies too. Open an account. Once you decide on the company, fill in the application online and create an account. There may be some paperwork involved for initial account establishments. When you open an account you can specify the nominee for the account too. Fund the account. Send a check or transfer electronic