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> invest your savings in low cost index funds Could you please elaborate? Any resources about this topic [for foreigners]? Thanks!
by zerr 12y ago
> invest your savings in low cost index funds
Could you please elaborate? Any resources about this topic [for foreigners]? Thanks!
- iamjdg 12y agoi'm not sure of the options in your own place of residence, but in the US and Canada index funds are mutual funds that just copy some large established index (e.g. S&P 500). So you get the return of the total market and their fees are very low since the fund is not really managed other than balancing. Most actively managed funds that have a strategy rarely beat the market and they have much higher fees. Vanguard low cost index funds are the classic example in the US and Canada.