LogFAQs > #882934963

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Topic	I have $5k in the bank for the first time!
ShadosAtPhoenix 07/14/17 10:34:53 PM #19:	Yeah, please don't do that. You won't have access to the money until it matures and the extra interest you make still won't be enough to keep up with inflation Yeah, I used to put my money in CDs because I was lazy and I figured "it was better than nothing", lol. The real "I'm lazy and I don't know what I'm doing" option is in famous index fund and mutual funds. Stuff like the contrafund, vanguard index, etc. There's better ways, but that works really well if you just dont want to have to care. <cite>ShadosAtPhoenix posted [p:882934963] in I have $5k... [t:75564769]...</cite> <quote><quote> Yeah, please don't do that. You won't have access to the money until it matures and the extra interest you make still won't be enough to keep up with inflation</quote> Yeah, I used to put my money in CDs because I was lazy and I figured "it was better than nothing", lol. The real "I'm lazy and I don't know what I'm doing" option is in famous index fund and mutual funds. Stuff like the contrafund, vanguard index, etc. There's better ways, but that works really well if you just dont want to have to care.</quote> ... Copied to Clipboard!
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