Is there a set-it-and-forget-it way to invest?
September 3, 2007 8:09 PM Subscribe
I've got about $3,000 per month to invest, and I don't have time, knowledge, or energy to "beat the market". What's my best safe bet?
posted by anonymous to Work & Money (42 answers total) 42 users marked this as a favorite
I've done loads of research on all the dummies-level investment info and I've come to the conclusion I should probably invest in some index funds. I've got an account at Vanguard but they offer a zillion different funds. Is there a general risk level I should take (like 80% stock/20% bonds that people often toss around)?
I'm already maxing out my retirement, my credit cards are all paid off, and my house is my only debt. I'm doing well at work and want to do more than simply toss it into a 2% savings or 4% money market checking account. Ideally, I'd like to see 10% gains year after year with this.
Aside from index fund research, I haven't done much else, so I'm a complete novice at any other sort of investing.