robocall@lemmy.world to No Stupid Questions@lemmy.world · 2 months agoWhat can I do with US$10K that is a good investment?message-squaremessage-square52fedilinkarrow-up111arrow-down11
arrow-up110arrow-down1message-squareWhat can I do with US$10K that is a good investment?robocall@lemmy.world to No Stupid Questions@lemmy.world · 2 months agomessage-square52fedilink
minus-squareHugin@lemmy.worldlinkfedilinkarrow-up0·2 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-squareAsafum@feddit.nllinkfedilinkarrow-up0·2 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 :/
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%