Comment on What can I do with US$10K that is a good investment?
robocall@lemmy.world 2 months ago
So from what I’ve read after viewing this thread, I make a vanguard account, either get a money market fund or a brokered CD, put the money in, let it sit for awhile, and then profit years down the line?
Hugin@lemmy.world 2 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.
Asafum@feddit.nl 2 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 :/
aubeynarf@lemmynsfw.com 2 months ago
SPY returns an average 12%
Grayox@lemmy.ml 2 months ago
Then that compunds year after year.
Hugin@lemmy.world 2 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.