this post was submitted on 06 Jul 2024
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The way you're presenting this seems pretty fishy. There's no way to guarantee an 18% return without an equal dose of risk. Interest on savings accounts are guaranteed, up until they change the rate. So that's apples to oranges.
What is your bank's wealth management team doing for you? I've always assumed they were overpriced and set up to sell their own products.
Yup, they're a scam that just charges a fee to park your money in index funds.