Please don't treat me like a moron, but do treat me like I just heard about investing today. I'm a fast learner. So I wanted to use bonds as a long-term savings account in a way. I'll still have my normal savings account, but I want to put a little extra away to save for my newborn to have access to when she grows up. Hopefully gaining in value. I use Fidelity as my brokerage firm. Are $SPAXX and $FDRXX basically that? When I hold cash in the account, like paid dividends, it automatically goes into $SPAXX where I can withdraw at any time. If not, what exactly are bonds and how do I invest in them. My understanding is bonds are small loans to the government that gets paid back to you with interest, or at least in lamens terms, so can I invest in a long term form, like 10-20 years for max profit?
Submitted October 07, 2018 at 09:13AM by BeezyJ https://ift.tt/2Qu7xWk
