How to Invest in T. Rowe Price Mutual Funds
Investing in T. Rowe Price Mutual Funds doesn't have to be a daunting task. A relatively low-risk investment, mutual funds are one of the easiest ways to participate in the stock market without throwing all of your eggs in one basket. Follow these steps to invest in T. Rowe Price Mutual Funds.
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Instructions
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Get to Know Your Company
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Feel safe with the stability of T. Rowe Price, as this company handles over 8 million clients. When you're partnered with that many investors, the odds of your mutual fund company disappearing are next to none.
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Be aware of your options. T. Rowe price offers seven different mutual fund categories, with sub-categories ranging from international funds to local common stocks or money market funds.
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Feel confident investing without a broker. T. Rowe Price is a no-load company, meaning that they don't charge a commission fee.
Define Personal Goals
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Decide what you are trying to achieve by investing. Do you need a retirement plan, a down payment on a house or simply a place to stash your cash until your next vacation?
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Search T. Rowe Price's Web site and find the "Online Personal Guide." This guide will ask you a series of important questions and guide you to the mutual fund that's right for your investment needs.
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Choose from a series of mutual funds that will be listed with side-by-side comparisons, including an estimated percentage of returns. Select the one that is right for you.
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Read the prospectus and understand the level of risk around the potential return. If this is acceptable to you, you're ready to move on to the next section.
Make the Investment
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Register with T. Rowe Price's site once you have decided which mutual fund to invest in. Registration is free and is easily completed by supplying your email, choosing a password and answering two security questions.
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Go to the "Open a New Account" section and select the "Mutual Funds" option, located towards the top of the page.
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Enter your personal information to invest in the mutual fund of your choice.
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Rest easy knowing that you've done your research, found the right fund for you and are on your way to a satisfying investment future.
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Tips & Warnings
When you investigate a fund's past performance, note its volatility. If you're trying to meet short-term goals, you may be better off with a more stable fund.
