Got a little extra cash at the end of the month? We know a great place to stash it. Most rich people invest in stocks, but the markets can be intimidating to a new investor. Diversification? Asset allocation? Market swings? That's why mutual funds are a smart choice. They pool money from thousands of investors into a portfolio of stocks or other securities. Each investor in the fund gets a slice of the total pie, and the professional money managers do all the hard work for you by making the big investment decisions. There's a catch, of course: The managers charge an annual fee -- generally 0.2% to 1% of assets. So stick to the funds with lowest fees.
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