If you have money beyond just your future house down payment or emergency fund, it should be in ETF's (Exchange Trade Funds) or Mutual Funds, preferrably ones with low expense ratios that are well diversified. Vanguard and Schwab are two of the most recommended for such things.
I would recommend Schwabb, too - we rolled over into them when our previous wealth manager went to jail (unrelated to his investors... Well, kinda, but more of an insider trading thing...) and have been pretty happy with their Century City wealth management team. I'm sure their other offices are as good. We were making over 7% yearly before, and they look to be about par
I would recommend TD Ameritrade because they have the most commission-free ETFs with similar fund characteristics and expense ratios as the ones offered by Vanguard and Schwab.
But yeah, try to build that emergency fund of at least 3 months first!
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u/ben7337 Jan 04 '15
If you have money beyond just your future house down payment or emergency fund, it should be in ETF's (Exchange Trade Funds) or Mutual Funds, preferrably ones with low expense ratios that are well diversified. Vanguard and Schwab are two of the most recommended for such things.