Saturday, April 22, 2023

The laziness tax: Why your money is not accruing high interest

When it comes to investing, laziness is, broadly, a good thing. If you buy boring index funds and then just do nothing for many years, you are likely to outperform the vast majority of active traders.

Why it matters: Now that interest rates are no longer at zero, there's real money to be made by earning interest on your cash. But in order to do that, you probably need to open up a brand new account and move money into it.

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Publisher: Axios
Date: 2023-04-22T12:30:00Z
Author: Felix Salmon
Twitter: @axios
Reference: (Read more) Visit Source



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