I don’t know if it’s different in Europe, but where I live bank savings account interest has been so low as to be a joke my entire adult life. If your goal is to have an investment or even just beat inflation, a bank account ain’t it.
It’s not high exactly but here in the UK you basically can’t beat compound interest in returns and predictability over time. The alternatives are investing in businesses of which none succeed or really grow and has a high barrier to entry or the gambling with 4x leverage CFDs which is closer to horse betting than any kind of investment strategy.
I don’t know if it’s different in Europe, but where I live bank savings account interest has been so low as to be a joke my entire adult life. If your goal is to have an investment or even just beat inflation, a bank account ain’t it.
It’s not high exactly but here in the UK you basically can’t beat compound interest in returns and predictability over time. The alternatives are investing in businesses of which none succeed or really grow and has a high barrier to entry or the gambling with 4x leverage CFDs which is closer to horse betting than any kind of investment strategy.