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Where should I, a 51 year old man on SSD,invest my money?


I am 51 years old and on social security disability.
Where should I invest what little money I get each month? I am trying to prepare for old age if I live that long.

My checking account.

check with your bank , maybe a CD would be good for you

You have money left over for investments? WOW. You certainly are lucky.

You could live another 30 years or more...that's plenty of time to still save and invest for. Typical advice is to put 50% in bonds and 50% in stocks for your age.

See your local bank for mutual funds with no or low expenses and good diversification like index stock fund.

Tip for stocks: invest in medium-large cap stocks. It's less risky.
If your lazy, invest in a mutual fund.

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