I put in about $10k in S&P 500 couple years back, which is sitting at about $8.2k right now. I recently opened a high yield account that yields 4.55%.
I put in a total of about 10k within the span of Oct 2021 - Jan 2022. Since then I’ve gotten about $151 in dividends which has been reinvested into S&P 500. No money has been withdrawn at all and its now sitting at $8.2.
Im not in need of the money at the moment. But if it’s going to take many years to regain the value to the initial investment or higher (10k), I figured I might as well be making interest on it which would be about $373 / year.
Should I pull the $8k out of S&P 500 and put it into the high yield account or leave it into S&P500? What are your thoughts?
I put in a total of about 10k within the span of Oct 2021 - Jan 2022. Since then I’ve gotten about $151 in dividends which has been reinvested into S&P 500. No money has been withdrawn at all and its now sitting at $8.2.
Im not in need of the money at the moment. But if it’s going to take many years to regain the value to the initial investment or higher (10k), I figured I might as well be making interest on it which would be about $373 / year.
Should I pull the $8k out of S&P 500 and put it into the high yield account or leave it into S&P500? What are your thoughts?