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Not all of it, but sitting on cash is not smart. Cash is for very short term spending. It’s not a long term store of wealth. It never has been. Currencies that
by selectodude 7y ago
Not all of it, but sitting on cash is not smart. Cash is for very short term spending. It’s not a long term store of wealth. It never has been. Currencies that become a store of wealth inevitably fail.
Source: actual real life economist.
- ryacko 7y agoCash is for liquidity. I don’t know what you define as very short term, but emergency funds should be in cash, so should money set aside that is meant to be spent in a few months.