Post
Topic
Board Economics
Re: What is The Negative Effect of Inflation on Household Savings?
by
darkangel11
on 01/03/2024, 19:57:44 UTC
If you want an advice you can just think to invest your money in bond because Central Banks will decrease interest rates in the long run because inflation is falling sharply.

Why would I invest in bonds if I can get more bitcoin?
My parents used to have some money invested in a bond tracking ETF and that thing was barely making them 10% a year, but then you had to pay taxes... You were maybe left with 8% in a good economy, but that wasn't guaranteed since there were bad years where it would only made 5% and that's with 4% inflation...
I was the first person in my family to get bitcoin back in 2014 and it literally outperformed the whole lifetime of my parents in 10 years. Both of them together did not save up as much in 50 years of full time employment as I did by holding bitcoin.