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0 pointsiofj9y ago0 comments

Look at the interest rate. Now look at inflation (not "core" inflation, the one you pay). Saving, money in bank, is not a good investment atm. Or put differently, it's at best as good as gold bars under the bed.

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readme9y ago

So yes, you not only have to save the money. You need to invest it.

I was not going into explicit detail, but pontificating on the idea of saving as opposed to spending.

With that said, one of my banks offered me a 3.00% APY on a CD the other day. Still not really enough for me. I would prefer to throw the money in index funds and wait longer.

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0 pointsiofj9y ago0 comments

0 comments

readme9y ago

So yes, you not only have to save the money. You need to invest it.

I was not going into explicit detail, but pontificating on the idea of saving as opposed to spending.

With that said, one of my banks offered me a 3.00% APY on a CD the other day. Still not really enough for me. I would prefer to throw the money in index funds and wait longer.

1 more reply

j / k navigate · click thread line to collapse