QUESTION: Seth on Twitter asks where he should research mutual funds to prepare for investing.
ANSWER: You can do it online pretty easily. You can jump around among the different funds within the different brands. You can look at Fidelity or American Funds or Templeton or whoever you want to look at as you’re bouncing around looking at those.
You can pick up Morningstar. Morningstar has software, and I think they’ve even got a downloadable thing now, but they’ve got software that allows you to search all the mutual funds out there. It’s a really, really good system. I used it for years. I don’t deal with it on a day-to-day basis enough to fool with it, so I quit using it, but it’s a fine product if you’re fooling with mutual funds all the time.
And you could go to daveramsey.com and click on ELP for Endorsed Local Provider for investing. They’ll sit down and they’ll do a bunch of research for you and show you 10 or 20 or however many you want to compare. They’ll let you look at some of the best of each category, and you can compare that way as well.
Three or four different ways to do it. I usually just use my ELP, honestly. I just don’t want to do the work.