CHART OF THE DAY: US Household Net Worth Just Hit An All-Time High |
| | | | | | | | | | The Cost Of Sitting On Cash When investors get scared and they have nowhere to hide, they move their money to cash. Cash is arguably a great place to store your wealth briefly until you make your next investing move. However, cash itself is not really an investment. "The one thing I will tell you is the worst investment you can have is cash," says Warren Buffett. Why? Inflation. "Perhaps it is self-evident, but it is worth reminding ourselves that inflation is the major downside of holding cash," write the folks at BlackRock. "Even in the low-inflation environments in much of the developed world, returns on cash have not kept up with consumer price increases. So the value of cash diminishes in real, or inflation-adjusted, terms over time." From BlackRock Read » | | | | | | | | | | Also On Money Game Today: | | | | | | | | Advertisement | | | | | | | | | The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy
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