Investing for income in today’s markets is like slogging across the Sahara looking for a cold drink.
With bank savings accounts yielding around 0.04% annually, based on the national average, it would take more than a millennium for your money to double. No wonder so many investors are desperately searching for yield.
Cryptocurrency trading platforms will pay you 6%, 8%, even 12% or more, on what some of them call “savings accounts.”
From that name, you might think these are much the same as deposits at a conventional bank. They aren’t.