No. of Recommendations: 0
If you're looking to 'invest it and forget it, one alternative might be an Exchange Traded Fund with a discount broker (sharebuilder). IVV (Ishare's S&P 500 Index) is the only ETF I know of that is cheaper than Vanguard's S&P 500 Index Fund (0.08% vs 0.16%), but there may be others out there. I'm also not sure if Sharebuilder has an 'inactivity fee'. I had an inactive account there for about seven months and haven't been hit with one yet :) Also, keep it mind there is a transaction fee ($4) to buy and ($16) to sell.

Otherwise, I'd go with a Vanguard Index Fund.

CD's are sucking right now.

If you don't want to pick individual stocks, no reason to go with a broker.

Just my $.02

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