This might be really amateurish but I have a couple $1000s stored in my bank right now that hasn't really been touched in a while, probably several years. My bank is recommending me to invest in something called the "Franklin Templeton Income Fund." I have a sheet with a bunch of numbers on it, and I'll be honest, I'm pretty lost on what all this means and I think the only thing I really understand is the graph that shows increase in money.
The question becomes is this something that's good to invest in? I'm sure it's going to be better than just leaving my money sitting in my account right? How can I decide what is the right investment? The description saids "It's a fund that aims to maximize income by investing in diversified portfolio of stocks and bonds." I assume this is something called a "mutual fund," I'm looking it up online but does this mean that if I put money into it I have to manage where it goes, or is my bank going to do that for me? How can I keep track of what's going on?
Sorry I know these might be really beginnerish questions but I'm a newbie to this so that's why any advice would really be appreciated.
Maybe a bonus question is: I'd ideally like to put a couple $1000 in something safe, but but also another couple $1000 in something more high risk, what would you recommend for me?
Submitted August 06, 2017 at 03:17AM by KsoFly95 http://ift.tt/2ud9LyR
