5 ms·
Save money when the fed can print it all away?
by a-user-you-like 3y ago
Save money when the fed can print it all away?
- tombert 3y agoI am not a financial advisor, but I think most financial advisors would not recommend you save all your money in cash, in no small part because of potential inflation. I think the typical rule is to save N months of bills [1] in cash (or something cash-adjacent like a CD or T-Bill), and the rest in an index fund/ETF from something like Vanguard of Fidelity or something like that. This allows you to somewhat "outsource" the problems of inflation to corporations. [1] the size of N probably depends on the person and cost of living and all that fun stuff, but I think it's usually 6.
- deleted 3y ago[deleted]