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

$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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walter_wiggles@lemmy.nz ⁨1⁩ ⁨year⁩ ago
Baby steps. Asking someone to go from nothing to investing in stocks is quite a leap.

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corvid_conspiracy@lemmy.world ⁨1⁩ ⁨year⁩ ago
PET? What stock are you talking about?

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- MrEff@lemmy.world ⁨1⁩ ⁨year⁩ ago
  PETS, sorry, don’t know why my phone cut off the ‘S’.
  
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  - Mr_Blott@feddit.uk ⁨1⁩ ⁨year⁩ ago
    I just checked the top 3 companies there and every share price is through the floor lol
    
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    TrickDacy@lemmy.world ⁨1⁩ ⁨year⁩ ago
    Isn’t that the time you want to buy…?
    
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Captainvaqina@sh.itjust.works ⁨1⁩ ⁨year⁩ ago
How much do you personally have invested in stocks like these?

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- MrEff@lemmy.world ⁨1⁩ ⁨year⁩ ago
  Little under 30k. Bring in about 800 a month.
  
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  - Grayox@lemmy.ml ⁨1⁩ ⁨year⁩ ago
    Ive thought about doing that with my IRA, had the market negatively impacted your yields at all?
    
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    MrEff@lemmy.world ⁨1⁩ ⁨year⁩ ago
    When it is easy bull markets, I go heavy on growth stocks. When the market is bear, I go heavy on dividends. Right now though there is a high beta turmoil, so I have a mix of both. My IRA is also set up as more od a “leave this alone” investment. My etrade account has my “fuck around and find out” money. I mention this because it is hard to directly compare the two. So far my dividends have strongly out performed the growth stocks, but only in the last 3 months or so has the gap widened. I credit it to 2 specific ones that are getting me 30%-ish yields with stable prices. They are also new etf’s, so the hedge money is still strong before the stripping gets to its prices. I mentioned in a post lower that that my little under 30k is netting me 800/month. Honestly it is paying a higher yield than renting out my condo is getting me.
    
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  - TrickDacy@lemmy.world ⁨1⁩ ⁨year⁩ ago
    
    ex-date chasing
    
    Don’t they call that “stalking”?
    
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    MrEff@lemmy.world ⁨1⁩ ⁨year⁩ ago
    Also yes. More work, worth the pay off, do all you can to avoid commissions and fees.
    
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