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I have about $1500 cash sitting in my 401(k) that I would like to put into something that I can just forget about for a few years, regardless of which way the market goes. For this section of my 401(k) portfolio, I am looking for slow but steady growth over the long term but with low risk- I have other investments that are more aggressive. A friend suggested I put this money into an equity index fund. Do you all agree with that strategy? If so, any recommendations as to how I should pick a fund, or as to any known consistent performers? Thanks.
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