Re: Buying up some mutual funds.
Yes. The point of mutual funds, or at least index funds, which is what you should buy, is cheap and easy diversification. Vanguard I think will charge an account fee of $10/year for accounts less than $50,000, and expense ratios are something like 0.18%. For an investment of a few thousand, this is much cheaper than buying even a few individual stocks.
Index funds don't "churn" to follow momentum, so that is not a concern.
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