To be more complete: an index fund is a mutual fund that tracks the value of an index by consisting of components of that index. You can't buy shares of the Dow or S&P or Nasdaq, but you can buy DIA, SPDR, and QQQ.
Its a good way to park money you want to track with the value of the market (decent inflation hedge that way).
Care to share how to start?
safe method? Buy index funds every month religiouly and never sell, never look at it just keep adding money over years. yolo method? buy game stop.
To be more specific not a recommendation but I just like the QQQ
To be more complete: an index fund is a mutual fund that tracks the value of an index by consisting of components of that index. You can't buy shares of the Dow or S&P or Nasdaq, but you can buy DIA, SPDR, and QQQ.
Its a good way to park money you want to track with the value of the market (decent inflation hedge that way).