Investing for earnings in immediately’s markets is like slogging throughout the Sahara Desert in search of a chilly drink.
With financial institution financial savings accounts yielding around 0.04% annually, based mostly on the nationwide common, it will take greater than a millennium to your cash to double. No surprise so many traders are desperately trying to find yield.
Some are even going as far as to contemplate websites and apps that urge you to purchase and lend out the world’s hottest asset: digital currencies like bitcoin and ether.
Cryptocurrency buying and selling platforms pays you 6%, 8%, even 12% or extra, on what a few of them name “savings accounts.”
From that title, you would possibly assume these are a lot the identical as deposits at a standard financial institution. They aren’t.
