All kinds of low risk things go down occasionally. Think of the 2008 financial crash for example. On average, or over a long time, you are very likely to make gains. But that’s not nevessarily true for shorter periods like 10 years even if you invest in low risk assets.
Edit: I also invested some of my student loans in Finland. Or officially, my other income that was freed up due to the loan ¯_(ツ)_/¯
For the last year or so getting a 5% (1-3 yr) CD was not unheard of, so literally leaving it in a bank account is better than the annuity option by the above poster’s math.
well he made the profit in like 2 years lol.
Also there’s at least one bank here that specifically only has savings accounts, with pretty decent interest (like 2.7%) and free withdrawals at any time. And because it’s sweden the state will protect any money you deposit under like $100k per person.
All kinds of low risk things go down occasionally. Think of the 2008 financial crash for example. On average, or over a long time, you are very likely to make gains. But that’s not nevessarily true for shorter periods like 10 years even if you invest in low risk assets.
Edit: I also invested some of my student loans in Finland. Or officially, my other income that was freed up due to the loan ¯_(ツ)_/¯
For the last year or so getting a 5% (1-3 yr) CD was not unheard of, so literally leaving it in a bank account is better than the annuity option by the above poster’s math.
well he made the profit in like 2 years lol.
Also there’s at least one bank here that specifically only has savings accounts, with pretty decent interest (like 2.7%) and free withdrawals at any time. And because it’s sweden the state will protect any money you deposit under like $100k per person.