Process
Create a chart showing the investments you are researching, interest rate, length of time, and any fees involved. Also you need to determine how much money you need to invest monthly over 32 years to reach your million dollar goal. The installments that you make and the interest each month will be added to your pinciple for the following month. This chart should be created so you can easily change the interest rate and fees to determine which investment you would like to make.
Research Long-term and Short-term investments on the internet using the following links:
Short-term investments: the best places to park your cash
You do not have to limit your research to the internet, you may also use the following sources:
Contact a local bank or credit union and ask what they offer.
Ask an investment broker for advice.
Ask your parents for advice.