this post was submitted on 30 Dec 2024
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Properly investing takes a lot of time and your big lump of money is not protected if the bank goes under. But yes, that is the best strategy.
Yeah for protection you invest it into US Treasuries or German Bunds and collect the interest. Not very likely that the US or German economy will collapse before any bank will go under. If the US economy is collapsing everyone is fucked anyway even the crypto bros, since there is a world war going on.