So an investment account that was opened upon my birth by my grandparents recently matured (when I turned 18). I have a bit over $7000 to invest, how should I go about it?
I have a full time job (working gap year) and will likely not be needing the money any time soon. Am wanting to invest in something or several things long term. Gold is definitely something I'm interested in as I've heard it's rather stable. Although of course I shouldn't put all my eggs in one basket, what else can I invest in? I don't know a lot about bonds, is that a viable choice for me?
I don't want anything that has to be actively maintained or that I have to spend a lot of time on, because I don't have a ton of spare time. Can anyone give me some tips or general strategies?