ilmscore | Prediction Details
"if you write bank account you're not going to get a very good return... a savings account nowadays is going to pay you like .1% if you're lucky and a CD is going to pay you 1% if you're lucky... keeping your money in the bank is going to take you 72 years to double your money"
By Minority Mindset | April 28, 2024 | Pending
From video
EXPLAINED - How To Double Your Money With Compound Interest 00:06:55 - 00:07:22
Interpreted Prediction
Savings accounts and CDs offer very low returns (0.1% to 1%) and would take 72 years to double money, making them ineffective for wealth building.

Prediction Details

Topic
Passive Compounding (CDs/Savings Accounts)

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