A low risk mutual fund is what your looking for. They are
called asset allocation funds and spread the investment
around in stocks, bonds and cash instuments. One of the
best is Vanguards Wellington Fund VWELX)
to be conservative spread the money among a diverse group of stocks 50% such as PG (consumer goods), PH (industrial), EMR (electronics), and GILD (biotech), and 50% CD (certificate of deposit
or
go the route of the stock funds like S&P 500 Vanguard
bonds will erode the investment as interest rates rise
High quality dividend paying stocks (PG, JNJ, XOM) or DVY or SPY
A "market correction" is always a possibility, but if you are in it for the long term (10 plus years) and the "market recovers", then you should be fine.
What are the best ways out there to invest 10-13k with low or minimal risk and steady growth?
