01-30-2022, 12:00 PM
Want to know how to lose 4% of your money a year? Hold it in a bank. Not investing i
<!-- SC_OFF --><div class="md"><p>Imagine staking for -4% APR a year. Stupid right? Sadly, majority of people do just that, by holding their fiat in banks. This is the worst mistake you can make with your money! (Save blowing it all on random shitcoins).</p> <p>In 2021 the global inflation rate was 4.35%. The average savings account interest rate is less than 0.06% a year. Every year hard earned money loses value and trickles down the drain. </p> <p>If you are currently holding Crypto through all the current volatility, you should give yourself a pat on the back for not only being part of an inevitable financial revolution, but taking a smart step for your future by actually investing your money rather than let it lose value. </p> <p>Obviously you should keep a bit in there for day-to-day living though. </p> <p>Cheers and may the coins you hodl, moon.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Neotoric"> /u/Neotoric </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sfxf2n/want_to_know_how_to_lose_4_of_your_money_a_year/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sfxf2n/want_to_know_how_to_lose_4_of_your_money_a_year/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Imagine staking for -4% APR a year. Stupid right? Sadly, majority of people do just that, by holding their fiat in banks. This is the worst mistake you can make with your money! (Save blowing it all on random shitcoins).</p> <p>In 2021 the global inflation rate was 4.35%. The average savings account interest rate is less than 0.06% a year. Every year hard earned money loses value and trickles down the drain. </p> <p>If you are currently holding Crypto through all the current volatility, you should give yourself a pat on the back for not only being part of an inevitable financial revolution, but taking a smart step for your future by actually investing your money rather than let it lose value. </p> <p>Obviously you should keep a bit in there for day-to-day living though. </p> <p>Cheers and may the coins you hodl, moon.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Neotoric"> /u/Neotoric </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sfxf2n/want_to_know_how_to_lose_4_of_your_money_a_year/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/sfxf2n/want_to_know_how_to_lose_4_of_your_money_a_year/">[comments]</a></span>Kind Regards R