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There are places where you get 5-10% interests on fixed deposits (mostly Asian countries). At approx 7%, you can double your money in 10 years. At 10%, you can
by justaguyhere 7y ago
There are places where you get 5-10% interests on fixed deposits (mostly Asian countries). At approx 7%, you can double your money in 10 years. At 10%, you can double in 7 years approx and so on. It all depends on where one is living, I suppose. I can't find anything in the US market though - bank interest rates are a joke, treasury/bond % is too low. Stock market is on fire, but most stocks are so expensive that it is out of reach for most Americans.
I am not sure what other choices Americans have ...
- Cephalopterus 7y agoYou shouldn't be comparing nominal returns between markets, what you should be comparing is the inflation adjusted real returns. That's why even if Japanese banks offer nearly no interest the currency is deflating and as a result holder might end up with a net profit