Charles Ross

Q: Our family has put aside a small amount of money for investing purposes. However, we need some guidance on what would benefit the family as a whole when investing. We have over 22 adults to report as far as any decision we make so with that in mind, could you make some suggestions on where we should start. We need to start small and build our finances up for larger investments. Thanks for the help!!
A:If your family is willing to take a few risks, I would recommend investing 80% in stocks and 20% in bonds. I would choose the Vanguard Index 500 Stock Fund (5 year average annual return 26.79%) and the Vanguard Short Term Corporate Bond Fund (current yield 6.02%). To obtain an application and fund prospectus Vanguard can be reached at www.vanguard.com on the Internet or via phone at 800-662-7447.
 

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