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Best No-Effort Investments?
For those who will hammer me on learning the ins-and-outs of investing, let me start with this. I'm a 22 year old in grad school (Computer Science), and I just got married. Therefore, I don't have the time to sit down and get messy with stocks/etc.
My question is mainly this: My wife and I have agreed to put $50-$100 per month into an account on the side. We were wondering what type of account would be best to put this money in, and get the best investment.
Traditional savings accounts are terrible. No benefit in that. CDs are meh. I was thinking that mutual funds/Roth IRAs are the way to go. With a Roth, I could take the money out at >5 years in the case of an emergency, yet still get ~4-5% interest/yr. Is there anything I'm missing? Suggestions? Alternative options?
Thanks in advance
My question is mainly this: My wife and I have agreed to put $50-$100 per month into an account on the side. We were wondering what type of account would be best to put this money in, and get the best investment.
Traditional savings accounts are terrible. No benefit in that. CDs are meh. I was thinking that mutual funds/Roth IRAs are the way to go. With a Roth, I could take the money out at >5 years in the case of an emergency, yet still get ~4-5% interest/yr. Is there anything I'm missing? Suggestions? Alternative options?
Thanks in advance
slickdeals:
