this post was submitted on 25 Oct 2024
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Interest is insane when you think about it
That's why it's smart to park money in high-interest assets (like index funds). Of course, you need to be in a position to save money.
And in a position to be able to lose it. High interest are high because they are risky, so they have to pay well to attract investing. If you already have enough money to burn, you can put money into various high risk areas and win overall. If you only have enough to sink it into a single source, you could gain. Or not.
That's the angel investor strategy.
There's also lower risk index funds, that simply invest in the biggest N companies.