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Investments go down as well as up has been hammered into me since I was a kid. My parents lost a lot in the 2000 crash, then 8 years later 2008 wiped out millio
by iso1210 5y ago
Investments go down as well as up has been hammered into me since I was a kid. My parents lost a lot in the 2000 crash, then 8 years later 2008 wiped out millions of people.
- alkonaut 5y agoNot using a short-term bank account doesn’t necessarily mean investing in something higher risk. There are savings accounts that offer real return in exchange for some restrictions (e.g minimum balance). Buying bonds or funds of bonds is also a very low risk investment of the same kind. For a lot of people repaying other debt like mortgages can be an efficient form of saving.