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It's very hard to beat index funds, few funds beat them year after year. So, call a mutual fund company(vanguard is very good) and tell them that you want to in
by WheelsAtLarge 5y ago
It's very hard to beat index funds, few funds beat them year after year. So, call a mutual fund company(vanguard is very good) and tell them that you want to invest in index funds. They will guide you on what to do.
Add funds on a regular basis until you need it. It will grow. Keep in mind that the returns will be a wavy ride but ultimately it will be positive.
We are starting to hear criticisms on index funds but we have yet to find a better long term way to grow wealth for the individual investor. Specially for people that don't want to make finance there life's work.
- ruben81adelaide 5y agoI agree, Vanguard is one of the best funds with low commissions. Nowadays there's no point putting your money in a bank account, so I looked into ways of investing the money. After carefully considering different options, I decided this was the best way to proceed with the minimum risk and with a good return. Every month I transfer a bit, without looking if the stock goes up or down. The best goal is to invest intelligently for the long-term. Broad-based index have proven to be a good choice for long-term.
- marketgod 5y agoWhat you can look up is the MMM portfolio, Canadian Couch Portfolio and https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ https://awealthofcommonsense.com/2014/02/worlds-worst-market...