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Step 1
Gather a list of gold mutual funds. Use a mutual fund screener to help you gather a list of mutual funds that invest in gold. Some websites also have pre-made lists that are readily accessible.
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Step 2
Research the mutual funds before making a purchase. Research is definitely key when choosing the right investments for your portfolio. Make sure to read the mutual fund's prospectus, research the manager and research its level of risk.
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Step 3
Contact the mutual fund company to being your purchase. You can also purchase mutual funds through a broker if you have one. If you don't, mutual funds can typically be bought directly from the mutual fund company. The necessary information should be located on the prospectus to make a purchase.
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Step 4
Monitor your investment. Never purchase a mutual fund and just let it sit in your portfolio. If you purchased a gold mutual fund, make sure that the manager is staying on track with the fund's prospectus and continually investing in gold.
