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.
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.
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! 😅🖖🏽