this post was submitted on 30 Dec 2025
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[–] Lemmyoutofhere@lemmy.ca 22 points 10 hours ago* (last edited 10 hours ago) (2 children)

Interest rates dropping, prepare for inflation, and prices, to surge.

[–] infinitesunrise@slrpnk.net 2 points 5 hours ago* (last edited 5 hours ago) (1 children)

PSA for those needing the reminder: Anyone with any savings should be keeping it in a brokerage account (eg Fidelity, eTrade, Vanguard, etc). Savings accounts at banks don't pay you anywhere near enough interest to keep up with inflation. But with a brokerage you can put that money into a managed fund, which is in turn investing it into the parts of the economy where all the value is going, returning that value to you at like 5%-20% per year. It doesn't need to be a 401K account connected to your workplace, it can just be a standalone account with regular tax. Even after the gains tax it's like an order more growth than a savings account and usually outpaces real inflation. Even if the fund's holdings include things you don't find 100% ethical, it's likely what a bank is investing your savings account money in anyway - Just without sharing the profits with you.

[–] NewNewAugustEast@lemmy.zip 4 points 5 hours ago

What a fun game. The only way to earn interest is to fund capitalistic ventures that got us here in the first place.

[–] Bbbbbbbbbbb@lemmy.world 3 points 9 hours ago (2 children)

Ill gladly refinance my mortgage, but at what cost?

[–] iceonfire1@lemmy.world 1 points 3 hours ago

Depends on the lender but usually like $4-8k. It's bet that you won't want to change the terms of the mortgage again until your balance is lower than it would be otherwise.

[–] Yankee_Self_Loader@lemmy.world 8 points 8 hours ago* (last edited 8 hours ago)

what cost?

Closing?