No. of Recommendations: 1
Thanks so much for the replies!
My husband has just turned 50. We are investing monthly through our business retirement plan and since it doesn't seem to make sense to move our annuity (since it is safely earning us 5%) we have also thought about setting up an index fund with maybe $10,000 from our savings and adding to it monthly--probably between $200 and $300. I
have done some reading up on index funds and it seems the return, while not guaranteed of course, should, over a period of 20 years give a better return than any managed mutual fund. Does this seem a good choice for a long-term investment?
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