Automatic monthly investing a good idea? Whats the best place for it?
Recently my circumstances changed and I now get about $3900 at the start of every month for the rest of my life tax free. I don’t understand anything about investing but I don’t want to do anything like daytrading or crypto. I want something where I can have this money automatically go into some sort of S&P type thing.
Is this a good idea? I assume it is because S&P is the one I see one TV and hear the most about. When I seek advice on other platform I’m encouraged to daytrade or educate myself on individual businesses but I’m too lazy and I’d rather not invest at all than have to watch a chart all day. Also what platform is best? I have Robinhood but I don’t use and my bank Navy Fed has an investing thing but idk much about it.
I also don’t want to use AI so I thought I’d ask people here. I’m an American btw but I live abroad so I will never be awake when the market is open.