Inflation means that your money loses money over time. It also means that you need to aggressively seek out the best yields, while being aware of the psychological impact inflation has on your decision making. A brief discussion of the impact of inflation on bonds and the importance of taxes is also included.
With so many savings accounts available it’s often difficult to know which one to choose to get the best return on your investment. And as they all offer varying degrees of flexibility, as well as varying degrees of interest, it’s important to know what to look out for when choosing where to invest your money. […]