I used to put my money in stocks or ETF, but I just realized that I have quite alot of money sitting in my savings account, and want to put some of these cash into either some mutual funds or other low-risk investments. I have no clue what funds to look at and i completely forgot about the No-load, fees, tax exempt… etc. Can someone kindly go over a few ez pointer on how to get slightly better return than what the CD offers?
Have you taken any of the CFA exams? You need to examine your risk tolerance, taxes, needs, liquidity, etc… Is this money going into a retirement account IRA (Trad/ROTH)? CDs offer virtually no yield right now. You’d be lucky to find more than 1% from a decent bank without a 1+ year lockup. It sounds like you’re looking to invest in some bond mutual funds. I’d just go look at Vanguard if you’re concerned at all with fees.
I’ve taken CFA L1 back in 2007, but i forgot all the jargon regarding Bonds and MF. In fact, over years I haven’t gotten better at finance/investing cept that I felt it is a random walk…
I know this Nigerian…