Yes interest rates are terrible, and won't be going anywhere good any time soon.
If you aren't earning about 7% or more on your investments then you're losing money thanks to the rate of inflation. Real estate was previously a safe haven but is looking rocky now.
My personal opinion (not financial advice!) is that unless you're a stocks guru, you should be looking to buy something finite and scarce, that you can own a percentage of, rather than nominal units of something that may get increased arbitrarily i.e. cash, stocks.
One thing is for sure though, holding cash is a poor choice, it's losing its value every single day. So much for the "save money and watch the interest compound" education we all got, it no longer applies thanks to irresponsible financial management from the governments of the world.
That's not going to change any time soon either. Creating brand new money out of thin air is too addictive for governments to stop now, they're on this ride and they can't get off.
Sorry that's a bit of a rant, I have nothing to offer on the merits of Squirrel unfortunately...
If you aren't earning about 7% or more on your investments then you're losing money thanks to the rate of inflation. Real estate was previously a safe haven but is looking rocky now.
My personal opinion (not financial advice!) is that unless you're a stocks guru, you should be looking to buy something finite and scarce, that you can own a percentage of, rather than nominal units of something that may get increased arbitrarily i.e. cash, stocks.
One thing is for sure though, holding cash is a poor choice, it's losing its value every single day. So much for the "save money and watch the interest compound" education we all got, it no longer applies thanks to irresponsible financial management from the governments of the world.
That's not going to change any time soon either. Creating brand new money out of thin air is too addictive for governments to stop now, they're on this ride and they can't get off.
Sorry that's a bit of a rant, I have nothing to offer on the merits of Squirrel unfortunately...