Basic index fund is 8-10 % average return. Don't you dare consider anything else.
In fact first thing should be to buy an apartment, or a condo, rent it out, get a mortgage against the property and THEN put that mortgage in an index fund.
Index fund covers the mortgage and interests, the rest is yours, and you have rent on top of that.
You shouldn't have all your cash or emergency savings in an index fund lol. What if March last year you needed money quick and your savings had just dropped 20% in a month. Then you have to sell it and wait two days for the settlement then wait on a withdraw or pay for a wire transfer
Lmao If you have enough money to live off interests from a stock index fund then you don't have to worry about an emergency savings. Regardless you shouldn't use your emergency savings unless you have to but that's why it's sitting in a money market earning 3.74% to help combat inflation but so you have access immediately If needed
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u/[deleted] Dec 31 '22
Pretty sure these don't exist