Cant lose anything if you dont have stocks. My money sits in coop ownership style social housing projects. Gives me only 1-2% per year, but better than nothing or losing.
Very cool to support a project like that. Just a heads up for you: if your return rate is lower than inflation, you are losing money, unfortunately. Up to you whether it is worth or not
Yeah ofcourse you technically lose money, but if you dont want to invest in normal market stocks, then its better than having it just sitting in your bank account. The base situation is always “losing money due to inflation” so anything that gets you closer to zero is an improvement. Its more of a social investment than a monetary one tho i admit.
Cant lose anything if you dont have stocks. My money sits in coop ownership style social housing projects. Gives me only 1-2% per year, but better than nothing or losing.
Very cool to support a project like that. Just a heads up for you: if your return rate is lower than inflation, you are losing money, unfortunately. Up to you whether it is worth or not
Yeah ofcourse you technically lose money, but if you dont want to invest in normal market stocks, then its better than having it just sitting in your bank account. The base situation is always “losing money due to inflation” so anything that gets you closer to zero is an improvement. Its more of a social investment than a monetary one tho i admit.
Not knocking social investment! Just making sure you and anyone that reads this thread is aware
Anything below the rate of inflation is losing.
Is that worth it when a normal FDIC covered savings account returns 3-5%?