What is the best way to invest money?
What is the best way to invest money?
user
Are you a beginner investor or an experienced investor?
assistant
Beginner.
user
I think you should start by researching individual stocks, mutual funds, and indexes, and which ones are best for you based on your investment goals.  How much money do you want to invest?  Would you like to build wealth, generate income, or something else?
assistant
I'd like to start with $30,000.00. I want to generate income.
user
Then you might consider an index fund, a managed fund, or a mutual fund.  An index fund generally provides broad diversification, whereas a managed fund is managed by an individual and more likely to perform better.  A mutual fund provides some diversification, but also gives you the opportunity to give input to the fund manager.  Which do you prefer?
assistant
What is diversification?
user