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Haha, where's your "cash" sitting? I'm in the same boat, but mine is in equities, which have already lost 25% of their value since January, and there's probably
by hiram112 4y ago
Haha, where's your "cash" sitting? I'm in the same boat, but mine is in equities, which have already lost 25% of their value since January, and there's probably more pain to come.
Of course I could have kept this cash in a bank or under the mattress, but not only would I have missed out on massive gains over the last few years in the stock market, I'd also now be losing 10% per year to inflation.
There is just no refuge in our modern financialized economy - we're all forced into the casino.
- bergenty 4y agoGood point. Partially in my old house and partially in a bond (so I think I’m safe there).