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> Saving cash is actually indeed the best way to prepare for hard times. Cash is the worst possible holding. Inflation will destroy it. If you feel higher inf
by jjav 5y ago
> Saving cash is actually indeed the best way to prepare for hard times.
Cash is the worst possible holding. Inflation will destroy it.
If you feel higher inflation is coming, holding as much debt as possible is what you want.
Of course, you do want to have enough cash on hand for short-term expenses, say like a year of living. Anything beyond that is very risky.