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Banking, Economy, Personal Finance

“Angry savers emailed Janet Yellen: We’re getting crushed by low rates”

“Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon Valley. Savers, on the other hand, have been crushed by near-zero rates.Some of those savers penalized by the Federal Reserve’s easy money policies have made their displeasure known directly to the central bank’s leaders…”

https://www.cnn.com/2019/11/22/investing/janet-yellen-savers-interest-rates/index.html

Listen, now is not a time to save. Now is a time to invest. Keep some savings for emergency funds but other than that invest it all. That’s a much better play at the moment.

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