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On the investing side, being excessively conservative with your money is often worse than being too aggressive. By holding all your wealth in cash you're tradin
by revel 8y ago
On the investing side, being excessively conservative with your money is often worse than being too aggressive. By holding all your wealth in cash you're trading an explicit set of risks for an invisible set. Holding lots of cash or fixed income products is a huge mistake.
- sharemywin 8y agoThat depends on when you planning on spending that money.
- Rainymood 8y ago>By holding all your wealth in cash you're trading an explicit set of risks for an invisible set. I don't understand this sentiment, mind explaining?
- tastyham 8y agoKeeping cash is a bet on inflation staying low, which is a very, very bad bet historically.