Edit: update I decided on a CD. I may do an index fund in the future. This was a short commitment and easy to understand. Thanks everybody.

  • @Hugin
    11•3 months ago

    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.

    • @[email protected]
      2•3 months ago

      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 :/

      • @Hugin
        2•3 months ago

        Low risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.