Investments & Personal Finance
I was wondering what some of the more popular basic investment plans practiced in here are.
I don't know much about wealth management, so hopefully this leads to a fruitful discussion. I do know that it's best to start early so 'the miracle of compound interest' can take its course.
Other than that, my understanding is investing in index funds are the safe (and typically smartest) route to go for stock investments, and then treasury bonds and company bonds are a low-risk stable investment.
My understanding of a mutual fund is its a basket of selected investments that a company packages together and sells to you.
If you want to make your own basket of selected investments, you do things like E*Trade and ScottTrade, and it's not advisable to do this as your main investment vehicle (though fun to do on the side if you don't mind the trading fees).
If you invest into an index fund, which one do you use? Where did you go to set it up? If you do online brokerages, which company do you use?
Last edited by La literatura; 01-25-2013 at 09:41 AM..