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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
by readme 10y 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.
- iofj 10y agoInvesting it is rapidly ceasing to be an option. For instance, you cannot realistically defend that the old risk profiles still work for balanced portfolios (bond-stock risk split) at this level of central bank intervention. Btw: where do you get 3% APY ?