Investment question
What are some good growth and income mutual funds to invest in?
Terry Says
Well, that’s a pretty broad question. But I think the best place to start is with an S&P 500 stock index fund. That fund buys shares in America’s “top” 500 companies, giving you a broad diversification. Go to Fidelity.com or Vanguard.com to open an account and buy this kind of fund. And, if you are working and earning money –and not covered by a retirement plan at work, consider opening the account as a ROTH IRA, where the money will grow tax-free over the years.
One more thing — and this is not a “pitch” for my book. But I think you should read the stock market chapters in the new edition of The Savage Truth on Money, available on Amazon.com, to understand what you’re getting into!
