1. Because of professional management and diversification, investors often choose mutual funds. Still, you must choose the right fund to help you achieve your financial goals. Then you must evaluate each fund alternative.

YOUR SITUATION: Are you ready to invest in mutual funds? The first step is to save the money you need to begin investing. Typically, most brokerage firms and investment companies require investors to have $250 to $2,000 to open an account. The second step is to evaluate each fund alternative before investing your money.