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Manfred comments on Open thread, 25-31 August 2014 - Less Wrong Discussion

4 Post author: jaime2000 25 August 2014 11:14AM

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Comment author: Manfred 03 September 2014 01:33:53AM 0 points [-]

I think that the library class that will do people the most good is one that just gets people with more than a month's budget in their bank account to open an investing account and buy literally two things, one low-risk moderate-return and one high-expected-return. My recommendations in the absence of actually doing research would be US federal bonds and an index fund of small-cap stocks - likely not optimal, but even more likely better than a saving's account.