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#1
07-23-2005, 04:09 PM
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Re: help needed
Thanks for the help, Sniper.
So how do you go about purchasing index funds? Do they have a ticker symbol just like a stock? I recently opened an account with Scottrade, I assume you can invest in indexes through any brokerage firm, such as Scottrade, correct? Also, what fees are associated with index funds? I didn't realize there were any fees other than the commision fee. To collect the fees do they simply take the money out of the net worth of the investment? Thanks again for your help. And to answer your questions, yes I am young, 22 years old. And I am willing to put in at least a few hours a week. I think it will be fun, and will be a good divergence from poker. So I may focus some of my money on some individual stocks, as you suggest. 
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#2
07-23-2005, 05:08 PM
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Re: help needed
[ QUOTE ]
So how do you go about purchasing index funds? [/ QUOTE ] Most brokers have a mutual fund info center (click the mutual fund link on scottrade). You can do basic research on mutual funds there. [ QUOTE ] Do they have a ticker symbol just like a stock? [/ QUOTE ] Yes, most funds have a 5 letter symbol. [ QUOTE ] Also, what fees are associated with index funds? I didn't realize there were any fees other than the commision fee. To collect the fees do they simply take the money out of the net worth of the investment? [/ QUOTE ] All funds collect a management fee which is taken out of the assets under management and reflected in their daily NAV (Net Asset Value = Price). You should focus on no-load, no transaction fee (no broker commission) funds. Funds also have other fees (related to fund expenses) that also are taken out before NAV calculations. You should read thru a fund perdpectus for a full understanding of how this works and what is typical. [ QUOTE ] So I may focus some of my money on some individual stocks, as you suggest. [/ QUOTE ] As a good rule of thumb, if you are intent on putting in an appropriate amount of time, you should be prepared to spend at least 1Hr/week/stock you hold + 2Hr+/week additional research.
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