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Cash is a terrible long-term investment, even at 5% interest (www.youtube.com)
submitted 1 year ago by gyrfalcon@beehaw.org to c/finance@beehaw.org
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[-] farcaster@beehaw.org 3 points 1 year ago

I'm a bit of a finance geek. While most finance-related content on the internet is iffy, this video is great advice for most people and expertly explained ๐Ÿ‘

[-] shortwavesurfer@monero.town 1 points 1 year ago

You can also buy stocks and get a "loan" based on the value of the stocks. If you keep the total you have "borrowed" reasonable then you are not at a serious risk of liquidation. I do this with crypto. I have say $2k worth of crypto and am allowed to borrow 68% of that or $1360. However, i dont want to get liquidated so i stay below 34% or $680 so i have time to respond and deal with fluctuations.

this post was submitted on 29 Aug 2023
12 points (100.0% liked)

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