Former Wall Street Trader Says 'By Saving Your Money in a Savings Account, You're Losing Wealth.' Here's What to Do Instead

Former Wall Street Trader Says 'By Saving Your Money in a Savings Account, You're Losing Wealth.' Here's What to Do Instead

People usually feel pretty comfortable with their money in a savings account. Inflation was above 7% all of last year, and even the most generous savings accounts offered about 3% to 4%. If you only have your money in a savings account, you're fighting a losing battle against inflation.