Hey I am currently in the privileged position to think about what I do with the money I saved as an emergency fund. Do I put it in an account that gets interest so less gets lost to inflation?
But from my understanding the bank can only pay that interest because they loaned the money to someone that uses it to exploit people labor or extracts rent from them etc.
Where I live saving for retirement is currently not that big of a thing because its something the state manages, but what do folks do that dont have that?
Should anarchists buy stocks or what else should they do with money that exceeds their safety needs?
I live in the states so my comments will be specific to that.
For an emergency fund I like a high yeild savings account from a credit union. It’s a federally insured liquid way to stave off inflation. The interest earned is going to vary but it should usually beat inflation. You could also do bonds. Similarly quite safe but not nearly as easy to access in an emergency so those are better for longer term saving.
Both of these options are on the more ethical end of investing. Just make sure the credit union isn’t loaning to logging or oil and gas.