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.
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.