When inflation is 2-3% and savings accounts earn only 1% interest, investors effectively pay a 2% annual tax on their purchasing power, making cash the worst long-term investment despite being considered the safest option.
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Ray Dalio On Why Cash Is The Worst Investment You Can Hold本站添加:
you're going to get taxed at 2% a year.
So, if you have an inflation rate that's 2 or 3% and you're earning 1% and you have to pay taxes on that 1% that you're going to get, you're going to get taxed essentially at 2% a year.
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