Lux Investing

Need the name of a good Mutual Fund to invest money for my grandkids.?

The initial investment will be less than 1,000. Most require a minimum of 1,000.

Public Comments

1. The best thing to do is get into a fund with very low expenses and fees, evidence shows that these funds are the best performers. My sources links to a page with some funds with low expenses and minimums that are 1000 or less.
2. I guess it depends what country you are in - as to what funds are available to you look for ETHICAL funds.. ones devoted to GREEN technology.. this is the best for 2 reasons.. you are investing in keeping the planet clean for the future AND you are investing in a growing industry.
3. here is a great managed fund family http://www.troweprice.com/prospectHome/0,,pgid=prospHome,00.html?src=corporate&id=Prospect%20Investors
4. Buy a low cost index fund. Take a look at Vanguard. I suggest you read the former chairman's book, "The Little Red Book of Investing"
5. Symbol MOFQX, the Master's 100 fund. It is an "all cap, all style" fund. Instead of doing what makes sense from a marketing perspective, they seek to do what makes sense from the investors' perspective. Because Morningstar rates funds based on criteria this fund does not care to meet (it can swing from a small cap to a large cap quickly if the best values are in large cap for example). Because of this it is often mis-rated. Morningstar wants funds to stay put and not go where the money is, it wants them to be predictable so they can get rated.