You got the money, what will you do?
Married couples, and young people trying to invest are wondering, how to start and where to put their money. Many people believe that keeping their money in a bank account is safe and secure, however there is a better route ahead. An index is a fund that allows you to invest money in many different companies without purchasing individual stocks. Here are three reasons why you should put your money in an index fund 1. You are securing your financial freedom by staying ahead of inflation. 2. It is cheaper than investing directly in the stock market. 3. Combining an index fund with an IRA enables your money to grow tax free. Our number one recommendation is SPIAX Invesco S&P 500 Index. “SPIAX” is the ticker number that helps you identify the fund. The S&P is a group of 500 of the market’s biggest companies. This index fund has a beta of 1.0 meaning it follows S&P almost exactly, this not only...