[AussieWog93]

LFSPA.

Not risk free, but not volatile either. Although even that underperforms compared to an index fund.

[groundzeros2015]

Index funds are not risk free! We have had a solid 15 years and everyone forgot that there are decades of declines or stagnation.

[AussieWog93]

LFSPA is a cap note, not an index fund. Hence the lower returns, haha.

Not saying it's necessarily the ideal vehicle but anything beats the banks.