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RE: Should Your Long-term Savings be in Banks?
Very great post man, its true. Saving long term in the bank is not a good idea, the interest rate that the banks pay you is pathetic and the inflation is like 5-10 times higher than the interest so you are actually losing money if you save them in the bank. A lot of my assets I am investing are in cryptocurrency like Bitcoin, Litecoin, Ethereum, Steem, Ripple, Vertcoin, Neblio, etc. Which are tech that I highly believe in and for long term gains. :)
I also believe Cryptocurrencies are great for long-term gains @denoxblogger, especially if those coins have great fundamentals. However, due to the uncertainties of the market, I think it is best to look for other assets which have lower volatility. We just have to diversify our wealth somewhere in order to strike a balance just in case Cryptos are in their bearish state.
Thanks for dropping by @denoxblogger!