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.
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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 :/
SPY returns an average 12%
Low risk but inflation is above 3% so you are looking at less than 2% effective granted it’s a fairly safe investment.
Then that compunds year after year.
