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

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?

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Hugin@lemmy.world ⁨1⁩ ⁨month⁩ 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.

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- Asafum@feddit.nl ⁨1⁩ ⁨month⁩ 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 :/
  
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  - aubeynarf@lemmynsfw.com ⁨1⁩ ⁨month⁩ ago
    SPY returns an average 12%
    
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  - Grayox@lemmy.ml ⁨1⁩ ⁨month⁩ ago
    Then that compunds year after year.
    
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  - Hugin@lemmy.world ⁨1⁩ ⁨month⁩ ago
    Low risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.
    
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