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What if banks could protect your money against inflation – a proposal (gist.github.com)

submitted 2 months ago by Linuxer@discuss.online to c/discuss@discuss.online

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Hey I am the creator of this proposal! I was just wondering about What if banks could protect your money against inflation. Feedback & more importantly criticism is vital for such project.

Disclosure : I have no banking & legal experience than some of what I learnt in 9th and 10th class and this is just a proposal to see how practical it is. Please don't discount it because of this fact and atleast still read it and please give me constructive criticism !

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[–] m_f@discuss.online 3 points 2 months ago (3 children)

What would the advantage be of this vs just investing the money yourself or putting your money into a retirement fund like one of the Vanguard Target Retirement 20xx Funds?

[–] Linuxer@discuss.online 2 points 2 months ago

Basically I don't want anybody to get screwed with inflation, I don't want to make you rich , I just want you to beat inflation

If you want to get more returns, then invest all of the money in index fund etc. , this is not going to replace it.

This is to replace the banking system eating major profits. I want you , yes you dear reader , to earn the majority of profits of it being inflation protected

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