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Can someone explain mutual funds to me?
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Hush and Cool
Chocobo


Member 1625

Level 14.01

Mar 2006


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Old Sep 11, 2007, 04:27 PM Local time: Sep 11, 2007, 02:27 PM #1 of 9
Can someone explain mutual funds to me?

I am thinking of putting money into a mutual fund, and I understand the general idea, but I'm a little confused and need some help.

How exactly do they work? How does the whole process work if you want to put money into one? I also heard that you have to pay taxes on it if you have enough money in there, how does that work?

Also, do you have any advice for me if I go about doing it?

Thanks.

Jam it back in, in the dark.
Hush and Cool
Chocobo


Member 1625

Level 14.01

Mar 2006


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Old Sep 13, 2007, 12:21 AM Local time: Sep 12, 2007, 10:21 PM #2 of 9
Will I have to fill out tax forms or do they deduct it automatically?

How ya doing, buddy?
Hush and Cool
Chocobo


Member 1625

Level 14.01

Mar 2006


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Old Sep 13, 2007, 01:45 PM Local time: Sep 13, 2007, 11:45 AM #3 of 9
Will they send me the tax forms in the mail (or any information regarding tax forms), or do I have to get all that stuff myself and they just assume that I know how to report the money from the mutual fund?

This thing is sticky, and I don't like it. I don't appreciate it.
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