Quote:
Originally Posted by Demonpenz
It said I needed 3000 to buy a mutual fund is that right? Maybe in a year. Also so I just pick likeIntermediate-Term Bond Index Admiral Shares and start buying that?
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Individual is correct. Most (all?) mutual funds, including index funds, require minimum investment amounts usually starting around $2500.
If you can't do that and just want to park money elsewhere than a brick and mortar bank paying 0.05% interest look into an online savings account. Ally bank currently pays 1.15%, Synchrony pays 1.20%, some others are up to 1.30%.