Web Smarts


WHAT: The site of the Mutual Fund Education Alliance (MFEA) offers a primer for novice investors and a clearinghouse of basic mutual-fund information.

It tracks daily the pricing and performance of more than 12,000 funds, and includes nifty education tools like a glossary of terms, lists of top-performing funds, and hints for assembling a diversified portfolio.

BEST POINTS: There's an emphasis on the beginner. One section offers advice on investing with $50 a month, and lists funds that let you get started with even less.

Other features focus on daunting subjects like bonds, individual retirement accounts, and income taxes with a light touch and an eye for practical information.

WHAT YOU NEED TO KNOW: The MFEA is the not-for-profit trade association for "no-load" investment companies, which don't levy sales fees or "loads" on a customer's purchase. Its members serve more than 80 million shareholders and manage about half of all assets invested in mutual funds today.

(c) Copyright 2001. The Christian Science Monitor

You've read  of  free articles. Subscribe to continue.
QR Code to Web Smarts
Read this article in
QR Code to Subscription page
Start your subscription today