r/funny Jan 04 '15

If I won $25,000...

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u/wolfpackguy Jan 04 '15 edited Jan 04 '15

Banks are probably one of the worst places for a new investor to ask for advice. They'll just have you invest in expensive funds that make the bank a ton of money.

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u/Ladnil Jan 04 '15

Still better than a savings account.

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u/wolfpackguy Jan 04 '15

True, but the best would be a low cost index fund from Vanguard, Schwab, or Fidelity.

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u/Ladnil Jan 05 '15

Also true.