No one has increased their wealth because of savings account percentages. If that’s where the majority of your funds are located, you’re wasting the money’s potential.
I wouldn’t bother giving this advice if it was the same boring play it safe guidance. People who are risk adverse have options that need to be talked about and it’s not going to be found in your local banks pamphlets.
People are really bad at measuring risk. Choosing to avoiding direct investments is one such case.
Consider putting $20 in stocks per month instead of $20 on lottery tickets per month and see the difference. I assure you the former has better results than the latter.
No one has increased their wealth because of savings account percentages. If that’s where the majority of your funds are located, you’re wasting the money’s potential.
I wouldn’t bother giving this advice if it was the same boring play it safe guidance. People who are risk adverse have options that need to be talked about and it’s not going to be found in your local banks pamphlets.
People are really bad at measuring risk. Choosing to avoiding direct investments is one such case.
Consider putting $20 in stocks per month instead of $20 on lottery tickets per month and see the difference. I assure you the former has better results than the latter.