I might end up sounding like a bot. But for financially literate people, saving money involves investing it into stocks, bonds or other assets. Index funds are a way of getting a decent return with minimal knowledge of individual stocks/bonds. I think in America, investing is more popular so this is obvious to people. Here in Europe, people are more sceptical of investing for some reason, and property/land is seen as the only "real" investment (which is not something everyone can afford).
Those “investments” that you just said don’t make you rich because the return barely covers inflation. Stocks and index funds are the modern equivalent of keeping money under the mattress.
What is your strategy for getting rich?
Thank You ,😊
You're welcome 😊
I might end up sounding like a bot. But for financially literate people, saving money involves investing it into stocks, bonds or other assets. Index funds are a way of getting a decent return with minimal knowledge of individual stocks/bonds. I think in America, investing is more popular so this is obvious to people. Here in Europe, people are more sceptical of investing for some reason, and property/land is seen as the only "real" investment (which is not something everyone can afford).
Those “investments” that you just said don’t make you rich because the return barely covers inflation. Stocks and index funds are the modern equivalent of keeping money under the mattress.