4 ms·
I assume when people say savings they mean investments. Because it would be stupid not to invest a large cash position.
by dubswithus 4y ago
I assume when people say savings they mean investments. Because it would be stupid not to invest a large cash position.
- Philadelphia 4y agoSavings accounts and similar are the appropriate place to put cash you’re saving for a specific purpose or for emergency funds. You don’t want to invest something you will or could need access to in the short term.
- sokoloff 4y agoYou would be surprised at the number of generally math-savvy (at least “enough”) people who have an irrational fear of “what if it goes down?” and fritter away decades of substantial growth (with each foregone decade skipping roughlh modeled as a missed doubling).