How do I choose a good index fund to invest in and where should I buy one?

I am 25 years old and have a decent amount of savings in a variety of different 6-month and 1-year CDs. I would like to move some of my savings into an index fund to get a higher return on my investments. I am wondering what entails a good index fund and how/where I should buy one.

Investing, Starting Out
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October 2017
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When shopping for a good index fund it is important to take in to account its fees as well as its performance. Be sure to not only check its performance for this year but also check the annualized returns for the past 5-10 years. If it has a good performance track record and the fees are minimal it might be worth a buy. I would check out Black Rock funds, T-Rowe Price, or vanguard. 

My recommendation for a brokerage to use to purchase it would be something like e-trade because the commissions are low. 

A piece of advice is to move all of your money out of those CDs and into a better investment. Most banks are only paying you a fraction of a percent (.001%), and remember that inflation is generally around 3% a year. You do the math. You are guaranteed to be losing almost 3% a year while you own CDs at the bank. Stay out of the CD and Bond markets. They just aren't good investments right now.

October 2017
October 2017
October 2017
October 2017