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Google. Yes, the search engine that helped you shop for your spouse's anniversary gift or get dirt on your ex can also help you invest. Okay, before the Google part, you first need to decide what your goal is. Is the money earmarked for long term and retirement or short term to buy a house? You’ll want a fund that’s in sync with your needs and has reasonable fees.

You can find all of this info at Morningstar.com, a financial website that will provide you with lists of funds. Now comes the Google part. Plug the fund’s name into Google and see what comes up. Research the fund manager and what kind of track record they have and how long they've been there. Basically, get the lowdown on the good and bad about the mutual fund and all the people involved. If you still don’t know where to start, experts suggest that first time buyers go for a balance fund which is broad (includes stocks and bonds) and long term.

Nestpert Brett Graff, The Home Economist and former government economist

-- The Nest Editors

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