A person nearing retirement wants to invest $136,000 for extra growth! They're asking for advice on where to put their money.
They have options like high-growth investments (risky but could make lots of money) or safer investments like ETFs (like SCHB) which are less risky but may not grow as fast.
Reddit users offered ideas, suggesting a balance between risk and safety.
- One idea is to put the money in SCHB, a type of investment fund that owns many different companies.
- Another idea is to split the money, some in safer investments, and some in funds that give dividends (like SCHD or JEPI).
- Keeping some money easily available for emergencies like a new car is also important.
| Investment | Risk | Potential Growth |
|---|---|---|
| High-growth investments | High | High |
| SCHB ETF | Low | Moderate |
