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Re:u/DeepFuckingValue and the GameStop Reddit mania by runarberg on Friday January 29, 2021 @06:50PM (#25964422)
Thank you, but I prefer a savings account at my local credit union. I’m sure the interests will amount to something similar as what some random hedgefund manager can conjure by gaming the market.

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.

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...

Re:u/DeepFuckingValue and the GameStop Reddit mania by p1necone on Friday January 29, 2021 @08:31PM (#25965103)
You're going to have to explain how buying shares === workers earning less because I don't follow.
Re:u/DeepFuckingValue and the GameStop Reddit mania by city41 on Friday January 29, 2021 @09:33PM (#25965435)
A simple index fund will outperform interest earned from a savings account by quite a bit.