I don't invest all my savings but I save and invest money every week or two. It's not necessarily a retirement account because I have those too. A Roth IRA, a 401K and just opened a Roth 401K.What He Means Is That A High Yield Savings Account Isn’t An Investment Vehicle
It’s A Place To Store Your Savings With A Perk Being Your Money Doesn't Lose Value The Way It Would Sitting In A Regular Savings Account
Again, It's NOT An Investment Vehicle, Its Pretty Much Helping Keep Your Future Money AT or Above Inflation
If Anyone Puts Money In A High Yield Savings Account Thinking It's Gonna Act Like An Index Fund Or A Stock Then It's Clear They Don't Even Know Investing 101
And Thats Ok, We're All Here To Learn
But Guys, DO NOT Invest Your Savings
Savings Money And Investing Money Are 2 Different Things
You Wanna Put Savings Where It's Guaranteed Growth And Easy To Access
I have a little bit of money sitting in multiple different bank accounts easily accessible incase I need short term cash so I don't have to use credit or liquidate assets. I also have a larger pool of money I may use to buy a home one day. That I have an individual investing accounts with multiple brokers that are not a retirement accounts I use to both save and grow money long term. I plan to keep them indefinity and just let it continue to grow. I put in about 60% and the other 40% of it is 5 years worth of growth.
At the moment my online savings account is paying more percentage of money per month than some of my dividend stocks make. It won't last forever but many dividend stocks aren't doing 4+ percent per month.