Best investment where I can make yearly contributions?

I have a large sum to invest from the sale of a house. I am a conservative investor with most everything in very stable stocks. I am 35 and looking to invest for 20-30 years. Looking at a CD with a yield of 5% +. I do not want to go into the bank until I know exactly what I want. Am I able to add to a CD annually? Or do I need to look at other investments. I know I can do a 2 year CD and then roll it over with a larger amount...but that does not give me the same benefit of making annual contributions.

Thanks!

I am NOT an idiot.

I DO know what a CD is...I also know that interest rates are higher in stocks etc...I want a low risk investment. 5% is the highest rate CD's have been in several years, that is why I was thinking of one.

I know a lot of people who lose with the market and
I do not wish to be one.

Take that money out of that CD. A Certificate of Deposit os nothing more than a Bond, which will get you no where.
Take that money, and put it into an ETF, or an IRA. DIA(The DOW Jones Industrial Average) is a great fund! It is the 30 largest and most powerfull stocks in the US market. You can buy into the dow, but buying into the Exchange Traded Fund DIA on the New York Stock Exchange. You can buy into this fund on such stock trading sites as...
www.sharebuilder.com
www.tradingdirect.com
www.E-trade.com

Just buy as many shares as you can, and enjoy the benefits. Its usually around 12-18% a year. That sure as hell beats a 5% yield on a CD doesn't it?
Good luck
*Long time stock lover*
-Dean K

put your money in CD first while studying which investment is best suit your needs. consider invest in stock market, but make sure invest in stock will least possible risk but highest possible return. You can use these tips to begin with:

How to Pick A Good Stock
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Guide in Analyzing Stock
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How to Calculate Intrinsic Value
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How to Determine Margin of Safety
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Penny Stocks, Short Cut to Wealth
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Step-by-Step Stock Investing for Beginner
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Sir,

CD is also known as a Certificate of Depreciation. Think about this, the US dollar is depreciating. A conservative rate of inflation is about 4%. I said conservative, the government removed oil from the CPI, which everyone knows everything in production has to be transported, so oil affects everything. Smart move on the government side to make inflation look smaller. Back to the rate of inflation of 4%, if you make 5% in a CD, you are technically making about 1%. However, the government will tax you on the capital gain (the 5% from your CD), so mathematically speaking... you are making less than 1% in your CD.

In 1930, gas was 25 cents.... One US dollar could buy four gallons. Let's remember too that on US dollar in 1930 was one ounce of silver. Today, one ounce of silver still buys 4 gallons of gas even at $3.50. How much gas can you buy for $1?

What is my point? Well, your best investment for your money is in precious metals. I am talking about bullion, not jewelry. If you buy bullion coins, U.S. minted. You are guaranteed quality and content, so it's safe. But since you buy the physical coin, there is not tax for capital gain, which is what happens with gains made with CDs, stocks, and funds.

Precious metals are in a bull market, much like real estate was in 1999. Back then, no one was talking about "flipping houses" for a profit, like no one is talking about buying gold or silver today. This is the second stage, when only institutions are buying the good. The third stage is when the average moron is talking about it...much like when everyone was talking about "flipping houses" in 2005, when everything was down the drain already.

Be smart, you must enter the market now. If you don't you will end up with depreciated paper money. Let me tell you that you that no paper money has ever been successful, nor has it survived inflation. Gold and silver have been money for over 5,000 years... Talk about stability.

Owning a CD is like being on a treadmill to oblivion. Please read my profile.