Most investment companies offer a family of mutual funds of almost every description that are suitable for just about every type of investor. There are several ways to start investing in mutual funds:

• Investing on your own
• Investing through a broker

If you invest on your own, here’s what you need to do:

1. Research the various options on the Internet
2. Call for a prospectus or download it from the investment company’s Web site
3. Compare fees and expenses
4. Invest directly in the fund by phone or online

A great way to start investing in mutual funds is through an automatic investment plan, especially if you don’t have much of a nest egg. Many mutual funds waive the minimum investment requirement if you agree to automatically invest a small amount each month. For example, you could have $50 deducted each month from your checking account and invested in the mutual fund of your choosing.

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