@robocall to No Stupid Questions • 2 months agoWhat can I do with US$10K that is a good investment?message-square104arrow-up1125arrow-down17
arrow-up1118arrow-down1message-squareWhat can I do with US$10K that is a good investment?@robocall to No Stupid Questions • 2 months agomessage-square104
minus-square@Huginlink11•2 months 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-square@[email protected]linkfedilink2•2 months 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-square@Huginlink2•2 months 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%
Low risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.
Then that compunds year after year.