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If you could earn anything with a simple savings account, or safe assets like bonds, then the obsession with finding the Next Big Thing in finance wouldn't be a
by seibelj 5y ago
If you could earn anything with a simple savings account, or safe assets like bonds, then the obsession with finding the Next Big Thing in finance wouldn't be anywhere near as popular. But there are no options - it's finding something to gamble on, or lose your wealth to inflation. No one wants to have their life savings inflated away.
- UncleMeat 5y agoBut there are different kinds of gambling. VTI will almost certainly crush inflation over a period of decades. The weird token that my brother-in-law is buying doesn't have the same risk profile as that.
- gkuan 5y agoUS I-series savings bonds are yielding 7.1% (and is tax advantaged) which seems to be better than the staking yields of the more reputable PoS coins.