robocall@lemmy.world to No Stupid Questions@lemmy.world · 1 month agoWhat can I do with US$10K that is a good investment?message-squaremessage-square58fedilinkarrow-up1115arrow-down17
arrow-up1108arrow-down1message-squareWhat can I do with US$10K that is a good investment?robocall@lemmy.world to No Stupid Questions@lemmy.world · 1 month agomessage-square58fedilink
minus-squareSteve@startrek.websitelinkfedilinkarrow-up9arrow-down1·1 month agoDepends on your risk tolerance. A 4% savings account is “safe” but might not keep up with inflation. An index fund might be “good”, but the value can go down.
minus-squareotter@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up6arrow-down2·1 month agoIIRC, >6% is the floor to keep up…
minus-squareworkerONE@lemmy.worldlinkfedilinkarrow-up18arrow-down3·edit-21 month agoThe average inflation rate for the last 20 years is under 3% Edit: why are people downvoting me, refute my statement with a source instead of downvoting because you wish inflation was higher
minus-squareotter@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up5arrow-down1·1 month agoOh? That’s actually uplifting news! 😅🖖🏽
Depends on your risk tolerance.
A 4% savings account is “safe” but might not keep up with inflation.
An index fund might be “good”, but the value can go down.
IIRC, >6% is the floor to keep up…
The average inflation rate for the last 20 years is under 3%
Edit: why are people downvoting me, refute my statement with a source instead of downvoting because you wish inflation was higher
Oh? That’s actually uplifting news! 😅🖖🏽