robocall@lemmy.world to No Stupid Questions@lemmy.world · 3 days agoWhat can I do with US$10K that is a good investment?message-squaremessage-square104fedilinkarrow-up1121arrow-down16
arrow-up1115arrow-down1message-squareWhat can I do with US$10K that is a good investment?robocall@lemmy.world to No Stupid Questions@lemmy.world · 3 days agomessage-square104fedilink
minus-squareHugin@lemmy.worldlinkfedilinkarrow-up11·2 days agoMoney market or CD is going to have terrible return. You will be lucky to match inflation. Get a low overhead SP 500 index fund. By low overhead I’m taking .15% or less. You should be able to find .125% with a bit of poking around.
minus-squareAsafum@feddit.nllinkfedilinkarrow-up2·2 days ago5% is terrible? I have 13k in a 9 month CD at 5% Almost a year and I get like $600, doesn’t seem so great to me but there’s no risk either I guess :/
minus-squareHugin@lemmy.worldlinkfedilinkarrow-up2·2 days agoLow risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.
Money market or CD is going to have terrible return. You will be lucky to match inflation. Get a low overhead SP 500 index fund. By low overhead I’m taking .15% or less. You should be able to find .125% with a bit of poking around.
5% is terrible? I have 13k in a 9 month CD at 5%
Almost a year and I get like $600, doesn’t seem so great to me but there’s no risk either I guess :/
SPY returns an average 12%
Then that compunds year after year.
Low risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.