Posts Tagged ‘investing in mutual funds’

What exactly is a mutual fund, and how do I invest in one?

I have some settlement money that I would like to invest in something that will yield good return. Everyone tells me to put it in a mutual fund. Can someone explain to me what exactly a mutual fund is? Will I be able to cash it out whenever, or do I have to keep it in for a certain number of years? Can I buy a mutual fund through Scottrade? What’s the best mutual fund?