<prompt> Human: Im currently in college, and luckily, my parents are in the position where they can fully support me during school. I have no debts, and hardly any expenses as my parents pay for my room and board. That being said, I currently have saved roughly 7k in a checking account doing absolutely nothing. This is way more than I need readily available for at least 3-8 years and feel very comfortable putting about 5k of this into an investment, and keeping about 2k for an emergency fund. My family has recommended investing in a Vanguard fund and Im slightly lost as to the differences between the funds, and which one I should choose. What should I look for in differences between each one? Fees, risk, etc? Im really entirely lost on this. The Vanguard website recommends I go with the Vanguard Life Strategy Conservative Growth Fund VSCGX. Does anyone have any advice on this?Sorry if I broke any common etiquette on Reddit, Ive lurked for quite a while now but just started posting. Thanks everyone!  <response>: Please read the FAQ particularly the Long-Term Investing Start-Up Kit and I Have X ... What Do I Do With It?! 