this post was submitted on 13 Nov 2024
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[โ€“] [email protected] 3 points 1 day ago* (last edited 1 day ago) (1 children)

sorry, what is a higher interest rate mean? isn't that a good thing to have a higher interest? so you can get more money from your stock investment?

should i uh, take my life savings out of the stocks?

[โ€“] [email protected] 3 points 1 day ago

Depends, it's certainly a good thing if you're a bond holder, you're getting more returns for your money. But its a bad thing for everyone else, higher interest rates means higher mortgages, car loans, credit card debt, student loans, business loans, etc...