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i.e. the few middle/upper middle class people who choose to live within their means, keep a rainy day fund, save for a vacation instead of putting it on a card,
by dsfyu404ed 7y ago
i.e. the few middle/upper middle class people who choose to live within their means, keep a rainy day fund, save for a vacation instead of putting it on a card, etc.
I guess I'll just hoard ammo and gold bars instead of building savings. At any given time at least one of those is in high demand.
- Dylan16807 7y ago> i.e. the few middle/upper middle class people who choose to live within their means, keep a rainy day fund, save for a vacation instead of putting it on a card, etc. You're describing someone that's good at managing money, which runs counter to the idea of having a big pile of uninvested cash.
- dsfyu404ed 7y agoI'm describing someone who values stability and liquidity over returns.
- Dylan16807 7y agoIs there any circumstance where you need more than a couple month's income to be in liquid form, without notice? Inflation doesn't have a major impact until you're building up huge amounts. And if you would ever actually consider gold for stability, stocks should be no problem at all.
- benj111 7y agoThose same people should be saving towards a pension, which should be invested in the stock market. Cash nearly always loses to inflation, that's why you're only supposed to keep medium/short term money in the bank, longer term saving should be done elsewhere.