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Cake day: January 24th, 2024

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  • Does Europe have accounts similar to HYSA? High yield savings accounts get 3-4% interest right now in the US. That is where emergency and shorter term money can be parked without losing to inflation.

    If you dont have access to a hysa I would invest in a MMF or money market fund, again these are relatively low return but keep pretty close pace with inflation. Good for shorter term investing.

    For when you arent going to touch the money for 5-10y+ then an ETF or index fund makes sense. Yes, the stock market is gambling but historically over long periods the average goes up.