• letranger (he/him)@lemmygrad.ml
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    13 days ago

    sorry, what is a higher interest rate mean? isn’t that a good thing to have a higher interest? so you can get more money from your stock investment?

    should i uh, take my life savings out of the stocks?

    • 小莱卡@lemmygrad.ml
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      12 days ago

      Depends, it’s certainly a good thing if you’re a bond holder, you’re getting more returns for your money. But its a bad thing for everyone else, higher interest rates means higher mortgages, car loans, credit card debt, student loans, business loans, etc…