Edit: update I decided on a CD. I may do an index fund in the future. This was a short commitment and easy to understand. Thanks everybody.

  • robocall@lemmy.worldOP
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    3 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
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      3 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
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        3 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 :/

        • Hugin@lemmy.world
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          3 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.