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-square85fedilinkarrow-up1121arrow-down17
arrow-up1114arrow-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-square85fedilink
minus-squareSteve@startrek.websitelinkfedilinkarrow-up11arrow-down1·2 months 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-up7arrow-down2·2 months agoIIRC, >6% is the floor to keep up…
minus-squareworkerONE@lemmy.worldlinkfedilinkarrow-up21arrow-down3·edit-22 months 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-down1·2 months 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! 😅🖖🏽