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Originally Posted by moneyrant
3% inflation you lose 0.8% a year. Sounds like a deal to me! Just proves my point. Avoid all banks. They're worthless.
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If I hide my money under the mattress, isn't it losing 3% of its value? Given a choice between losing 3% of its value and 0.8%, I'd still choose the latter. investments aside, one still needs easy and immediate access to a certain amount of one's money for the bills that go along with daily life.