Why S&P 500 Index Funds Are a Skittish Investor's Best Friend
As I've written before, there was a period in my life when I was really nervous about the idea of buying stocks. I hated the thought of working hard to earn money only to potentially lose it, and I also didn't know a lot about stocks at the time and was worried about picking the wrong ones.
I wish someone would've told me back then about index funds -- or, more specifically, S&P 500 index funds. Nowadays, I like to recommend S&P 500 index funds to friends who are first getting started investing, or to those who are naturally anxious about the idea of buying stocks.
Not sure what I'm talking about when I say "S&P 500 index funds?" That's OK -- here's a quick primer.
Source Fool.com
