Bank secret No. 1: You cannot be not invested
Understand inflation, currency and risk
What your bank doesn’t tell you
Bank secret #1 - You cannot be not invested
Did you know that having money sitting in the bank means you are investing? Indeed, money is something that comes and goes. There is nothing certain and no investment without risk, the only thing certain is that you will face uncertainty.
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Episode Summary
In their latest podcast episode, Luba Schoening and Tonia Zimmermann discuss the idea that even holding cash in a bank account means that you are invested in something. They explain that this means that you bear a risk called credit risk, as you are relying on the economy of the country where the currency is used. Inflation is discussed as a factor that can reduce the value of your money over time, as a consequence of inflation. They venture into the idea that when it comes to money, you also invest your energy and voice, and this aspect is as important as what kind of risk you bear and how much you can earn on it. They encourage everyone to be aware of how they are investing their money and to exercise their power and ability to make choices that align with their values.
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