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I don't know a single person who holds their money in 'cash'. They invest it in the market, real-estate, business development, etc.
by staticassertion 5y ago
I don't know a single person who holds their money in 'cash'. They invest it in the market, real-estate, business development, etc.
- deleted 5y ago[deleted]
- throwaway2037 5y agoI am one who holds cash. Not all, but not an insignificant portion either. I have a mixture of assets. Why not invest that cash? None of the investment opportunities that I see fit my risk profile. Example: I'm holding my stocks now, but I do not plan to buy more. The average middle class (and below) person in any highly developed country has a mixture of assets, dominated by their house and cash savings in a bank. Most don't directly own financial assets -- stocks, bonds, etc. However, they are invested in a pension (national or private) that will certainly invest in financial assets.