Re:u/DeepFuckingValue and the GameStop Reddit mania
by collinvandyck76 on Friday January 29, 2021 @07:46PM
(#25964803)
With all due respect, savings accounts can barely keep up with inflation, if at all. The last couple of years it was not uncommon to have 15%+ gains with a diversified portfolio.
Re:u/DeepFuckingValue and the GameStop Reddit mania
by thekyle on Friday January 29, 2021 @08:05PM
(#25964935)
At today's interest rates it seems like you're probably going to lose a lot of money to inflation. At the very least why not buy government bonds?
Alternatively based on your posts it seems like maybe you would like investing in a ESG fund.
https://www.investopedia.com/terms/e/environmental-social-an...
If not, then I can live with it, knowing that what little interest I earned, at least it wasn’t earned by taking profits out of other workers. And in the best case scenario my savings got lent out to other members of my credit union that used it to buy homes or start businesses in my community.