Comment on What can I do with US$10K that is a good investment?

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MrEff@lemmy.world ⁨2⁩ ⁨months⁩ ago

$10,000 at 4% gives you $400 interest in one year.

Just about any decent dividend stock will outperform that. Look at PET for example. It is sitting at $3.65/share right now and offers a quarterly dividend of $0.30. That puts you at $1.20/share per year. 10k = 2739 shares = $3,286.80 dividend payout in one year.

Banks are the worst place to put investments. Money in bank accounts are only supposed to be there if you need it liquid, like an emergency fund or your checking account.

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