Looking for investment recommendations
I just bought a new car and put $0 down. I financed it at 3% and would like to take what would have been my down payment and stick it in some sort of mutual fund to make more than 3%. Basically I want to earn money on what would have been my down payment. I looked at some funds though USAA and they making around seem to be earning around 6-8% per year.
I don't know much about investing or mutual funds but would like to stick around 5k in an account. I know its not much but I don't have a lot of money to throw around at the moment. What would everyone recommend as a place to invest? I would like to stay out of directly trading stocks myself as I don't know much about it and don't have a ton of time to put into it.
I don't have any debt other than my car and all my student loans are paid off.
I just bought a new car and put $0 down. I financed it at 3% and would like to take what would have been my down payment and stick it in some sort of mutual fund to make more than 3%. Basically I want to earn money on what would have been my down payment. I looked at some funds though USAA and they making around seem to be earning around 6-8% per year.
I don't know much about investing or mutual funds but would like to stick around 5k in an account. I know its not much but I don't have a lot of money to throw around at the moment. What would everyone recommend as a place to invest? I would like to stay out of directly trading stocks myself as I don't know much about it and don't have a ton of time to put into it.
I don't have any debt other than my car and all my student loans are paid off.
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