Losing money is the last thing any of us wants to do. Rather than risking your money on the stock market, you might just choose to park it in a savings account. Despite this, even high-yield savings accounts typically do not offer yields that can beat inflation. As a result, the money you earn from interest is unlikely to keep up with the rising cost of living. So, in short, you may actually lose money by playing too safe.
The good news? If you hope to retire someday, there are still plenty of low-risk, guaranteed-growth investments you can consider placing your savings.
This post originally appeared at DUE.