Good investment management necessitates that you pick good investments, maintain diversification and pay focus on details. Since most people do not really know how to invest on their own own, many of them turn to professionals to take care of the investment asset management chore for them. This will likely be costly. Here's how you can get the most bang for your buck ... your best investment.

If you have got several million to invest you are probably not much more knowledgeable than most folks in regards to investing money - you just have more of it. Hence you may afford to pay big bucks to someone else to pick good investments for you and manage your investments.

Otherwise, you either learn to invest on your own, pay what you may for professional help, or avoid investing altogether. The second is a poor choice if you ever anticipate to get ahead financially. That appears to leave you with two negative choices if you're not really interested in studying investing in detail or paying hard-earned money to one who calls himself an investment professional.

Do not fret; I've got some good news for you! In the event you are ready to put forth just a little effort and time you may get good professional investment management for a great deal less than you think. I call this the peoples' best investment: no-load mutual funds.

Mutual funds in general are designed for folks who require or want help picking good investments and setting up an investment portfolio with diversification. The problem is that some funds have sales charges, yearly expenses and other fees affiliated with buying, holding and/or selling them. Not only does the fund itself have a cost structure, the investment professional offering them needs to get paid, too.

With no-load funds there's no middleman giving you advice and selling you on the merits of the product (fund). There is no investment salesman telling you how to invest or where to invest ... and charging you for his efforts.

As opposed to costing you 5% off the very best and 2% or even more over a year for expenses as well as perhaps other charges and fees ... you can get professional investment management from some of the largest and best fund companies within the country for less than 1% per year in fund expenses. Period, that is your total cost to invest.

Whenever you invest in no-load funds I suggest you deal directly with the fund company, rather than investing by way of a brokerage firm's web site. You may go to their web site or call a toll-free number to get info or to open a mutual fund account.

With no-load funds there should be no charges or fees to pay, only modest yearly expenses which are automatically deducted inside the funds themselves. The top investment management deal around? For my money it's no-load funds.