Your money just gonna disappear in the bankIts coming stateside to very soon...
I keep telling folk to invest that savings in real estate or stocks...
Do not keep your money in the bank...
If your theory is NIRP, real estate is the better choice.Its coming stateside to very soon...
I keep telling folk to invest that savings in real estate or stocks...
Do not keep your money in the bank...
If it hits deposit rates wouldn't you have to ban physical cash? Who would keep their money in the bank at that point?
Plus there's questions of its legality here.
This isn't coming to America at all but still. The fed will raise rates this year most feel. I have a diverse P2P portfolio, I contribute to a Roth 401K, And I just got some oil stocks since they're on the cheap right now. But putting you money in a savings account right now isIts coming stateside to very soon...
I keep telling folk to invest that savings in real estate or stocks...
Do not keep your money in the bank...
Holding physical cash is risky for the average person, though. You going to withdraw $100k and put it in your mattress?If it hits deposit rates wouldn't you have to ban physical cash? Who would keep their money in the bank at that point?
Plus there's questions of its legality here.
Holding physical cash is risky for the average person, though. You going to withdraw $100k and put it in your mattress?
Am I wrong to see this as somewhat regressive(i.e. The higher overall wealth you have the more you can put to work outside a bank) @Domingo Halliburton ?
Am I wrong to see this as somewhat regressive(i.e. The higher overall wealth you have the more you can put to work outside a bank) @Domingo Halliburton ?