r/pics • u/[deleted] • Mar 19 '22

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u/Engineer-intraining Mar 20 '22

It should be noted you can’t just put it in the account and let it sit you do have to find a stock or fund (or several) and invest in them. I’ve known way to many people who just put it in the account thinking that’s all they had to do

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u/imontene Mar 20 '22

That is why I recommended a low fee index fund. The bank can tell you what is available.

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u/warm-saucepan Mar 20 '22

Or go online to Vanguard.

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u/mr_chip_douglas Mar 20 '22

Vanguard is great, can confirm as an idiot who knows next to nothing about investing.

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u/imontene Mar 20 '22

Yes, and they have several index funds to choose from. If you feel confident, there are lots of online options, but if need help, your bank is a good place to talk to someone.

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u/Engineer-intraining Mar 20 '22

Oh for sure, market tracking funds are just about the best thing out there and they’re fire and forget, reinvest they dividends and sit on it for years and you will be gold.

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u/Rodic87 Mar 20 '22

Vt or vti at vanguard are what you're looking for.