Basics of Investing

Archive for February, 2008

Question: I need your advice about Mutual Fund Investments?

I am 65 yr old . I do not have a pension. Whatever little money I saved had so far been invested in Postoffice and Banks. The Interest is getting ridiculously low. I do not know anything about personal finance and business. Can I invest in Mutual Funds ? I will be very grateful for some advice

Answer: As you can take little risk, invest more then 50% in balanced fund. They give less return but less risk.

Inside Look – “Hedge Fund-Like” Investments – Bloomberg