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1p0kerb0y
08-28-2005, 06:16 PM
I'm a rookie with a little bit of money that I don't want to just sit in a bank account. Would you recommend mutual funds on a e-trade account?
Sniper
08-28-2005, 06:30 PM
Unless you are planning to do research, you are better off sticking the $$$ in an index fund... and ETrade is a more than adequate place to do that.

You should also try to add $$$ every month!
1p0kerb0y
08-28-2005, 06:35 PM
What exactly is an index fund and how is it different from a mutual fund?
FishHooks
08-28-2005, 06:42 PM
search this forum you will find a lot of topics on information your trying to find.
1p0kerb0y
08-28-2005, 06:48 PM
or can you recommend a book for a beginner?
Sniper
08-28-2005, 06:55 PM
[ QUOTE ]
What exactly is an index fund and how is it different from a mutual fund?

[/ QUOTE ]

An Index fund is a mutual fund with low expenses that tracks an index. Non-index mutual funds are usually more actively managed and have higher fees.

The most popular index funds track the S&P500.
FishHooks
08-28-2005, 07:30 PM
A Random Walk Down Wall Street, All About Index Funds, are two good books, look them up on amazon to see what their all about.