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Savings

By Terry Savage on January 15, 2022 | Chicken Money

I have 100,000 in a savings account that making me nothing,what could I do with that money so it could earn more interest

Terry Says

First – tell me how much of it you are willing to lose??
If the answer is “nothing” you’re stuck with low rates. And of course you are losing out to inflation which is debasing your savings becsuse the inflation rate is 7x the CD rate!
That’s the price you pay for liquidity. And if things get scary, that might be a price you’re willing to pay temporarily.

For example, you could invest in the stock market and collect dividends — but if stock prices fall sharply you could lose 5% in a day or two– and even more!!

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